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Changes in European payment card products: Not always as expected
First Annapolis has been closely monitoring European payment card products since October 2015 to identify issuers’ reactions to interchange regulation implemented in December 2015, and to track the evolution of product offerings and pricing. Twice a year, we review the payment card products offered by the largest issuers in 15 European countries, totaling 78 issuers and [...]
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Card product changes in Europe post Interchange Regulation
In order to identify issuers’ reactions to the interchange regulation decreases effective December 2015, First Annapolis has been closely monitoring the product offerings of the top 5 issuers in 13 European markets over the past two years. Our findings confirmed our initial hypothesis that issuers’ immediate responses to reduced interchange revenues would include rationalizing their [...]
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Interchange regulation begins to take effect in Europe
As of December 9, interchange regulation, which caps rates in Europe are now capped at 30 bps for credit cards (commercial cards excluded) and 20 bps for debit and prepaid cards.
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