Visa soon followed suit and, in 2015, the EU’s Interchange Fee Regulation made those caps law. The two companies did not immediately respond to requests for comment. –Copyright The Financial Times Limited 2019 MasterCardVISA BlackRock roars back with best first quarter in four yea...
EuroCommerce also called on the EC to widen the scope of its Interchange Fee Regulation (IFR) and deal with the ongoing rise in unregulated fees, arguing that “recent evidence suggests that these (and other fee increases) may cancel out much ...
This paper provides an overview of the following topics and examines their relevance to firms operating in the payments sector: the revised Payment Services Directive (PSD2); the Interchange Fee Regulation (IFR); regulation of cryptocurrencies and other cryptoassets; other EU regulation relevant to ...
Parliament’s Economic and Monetary Affairs (ECON) Committee and Civil Liberties, Justice and Home Affairs (LIBE) Committee voted through their position on the proposed anti-money laundering and countering the financing of terrorism legislative package, which includes the new Regulation on AML/CFT (...
The cross border interchange fee rules become effective on 9 December. This means that merchants (and hopefully consumers) should see the benefits of having capped fees applied with respect to cross border: Credit card payments – […]
the rule of law and human rights in Venezuela, the Council expanded the list of natural and legal persons, entities and bodies subject to restrictive measures and a travel ban by adding 11 new individuals to the list (Council Implementing Regulation (EU) 2020/897 and Council Decision (CFSP) ...
The interchange fee, which is paid at each payment-card operation, has especially come under scrutiny by the Commission. In its preliminary findings the Commission was concerned about price differentials and said there were "indications that banks issuing cards may be obtaining significant economic ...
Thiscompletes the competition law “regulation” of cross-border acquiring rules, which began when Visachanged its cross-border acquiring rules at the sametime that it gave its commitments on intra-regionalMIFs in 2014, and the Commission did not impose afine.The reduction of the fine to reward...
摘要: The European Consumer Organisation (BEUC) is urging national governments to reject amendments to the proposal to revise the Common Market Organisation (CMO) regulation that would severely restrict the wording that that can be used to label plant-based foods. 年份: 2021 收藏...
Mastercard capped fees on those purchases in 2009, at 0.2 per cent of transaction value for debit cards and 0.3 per cent for credit cards. Visa soon followed suit and in 2015 the EU’s Interchange Fee Regulation made those caps legally binding. The EU’s 2007 decision provided the basis fo...