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MIF Regulation: have you paid attention to article 10?
As is now commonly known, the MIF Regulation, EU Regulation 2015/751 – on Interchange Fees for Card-Based Payment Transactions – will be significant for the payment industry for many reasons, and is now in effect. The most visible part of the regulation, as suggested by its name, is the interchange fee caps that came into [...]
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EU aligns on interchange rates as regulation kicks in
The 9th of December marks a significant date for interchange rates across the Europe as all EU countries align their domestic credit (0.3%) and debit card (no more than 0.2%) rates. Whilst several countries including Spain, Hungary and Poland reduced rates earlier in 2015, National Regulators in other markets are now obliged to enforce the next [...]
The post EU aligns on interchange rates as regulation kicks in appeared first on Payments Cards & Mobile.
