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EuroCommerce Director-General Christian Verschueren has pressed the European Commission to act on the growing problems facing retailers and wholesalers resulting from the limited scope of the Interchange Fee Regulation (IFR).... more

The post EuroCommerce petitions for more interchange fee regulation as card fees continue to rise appeared first on Payments Cards & Mobile.

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Daily news, E-Commerce, Interchange Fee, interchange fee regulation, Issuing & Acquiring, POS Terminals, Regulation -

Payments Europe welcomes that the European Commission has started assessing the impact and consequences of the Interchange Fee Regulation (IFR) and has written a paper to support this. The European... more

The post Upcoming revision of the Interchange Fee Regulation (IFR) appeared first on Payments Cards & Mobile.

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The European Commission has fined Mastercard a meaty €570.6 million ($648.3 million) for limiting the possibility for merchants to benefit from better interchange fees offered by banks elsewhere in the European... more

The post EC fines Mastercard €570 million over cross-border interchange fees appeared first on Payments Cards & Mobile.

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It is now almost 18 months since the introduction of the Interchange Fee Regulation. IFR covered a good deal more than the interchange fee caps and included substantial changes to the business rules for cards acceptance and processing frameworks. So, has implementation been effective and more importantly have there been unintended consequences? asks Peter Jones, Managing [...]

The post Impact of the Interchange Fee Regulation on the European cards market – 18 months on appeared first on Payments Cards & Mobile.

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