> an Italian bank maintaining relationships with an OFAC-listed entity could be subject to "secondary sanctions" that would involve the cessation of all services provided by US intermediaries. This would mean that all Banca Etica customers would be unable to use credit and debit cards (which currently rely on a substantial monopoly by US operators)

«A substantial monopoly by US operators»: very strong words, very important words: those "US operators" are the part that is responsible for having destroyed monetics in the eu - the part that forced NFC on bank cards.

Of course the problem should have been solved immediately. now we have banks with crippled services here.