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EU aligns on interchange as regulation kicks in

EU aligns on interchange as regulation kicks in

09 December 2015 marked a significant date for interchange rates across Europe as all EU countries had to align their domestic rates, in accordance with the Interchange Fee Regulation (IFR). National regulators are now obliged to enforce rates of no more than 0.2 percent and 0.3 percent of the transaction value for consumer debit and [...]

The post EU aligns on interchange as regulation kicks in appeared first on Payments Cards & Mobile.

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