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European Union › Interchange Fees

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
Hogan Lovells

Card-acquiring services: PSR to work on increasing searching and switching of majority of merchants

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Due to its concerns that card-acquiring services might not be offering value for money for merchants, the PSR decided to conduct a comprehensive review of the card-acquiring sector focussing on the impact of competition and...more

White & Case LLP

The European Commission starts two new studies into the mobile payment sector

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The mobile payments sector is on regulatory tenterhooks following the increase in the use of mobile wallets and the entry of new competitors, including tech companies, in the sector. The European Commission ("EC") just...more

Hogan Lovells

Payments regulatory news, July 2020

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Recent regulatory developments include the UK FCA/PSR update on mapping and an EU Commission review report on the Interchange Fee Regulation....more

Proskauer Rose LLP

UPDATE: European Commission Publishes its Report on the Impact of the Interchange Fee Regulations

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In March we wrote that the European Commission (the “Commission”) had published its study on the application of the Interchange Fee Regulation (Regulation 2015/751 on interchange fees for card-based payment transactions, the...more

Hogan Lovells

Payments regulatory news, June 2020 #2

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Access to cash: FCA and PSR joint approach - The UK Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have published a statement on their approach on access to cash. The statement includes a summary...more

Hogan Lovells

Payments regulatory news, March 2020

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PSR issues new directions and response to consultation feedback - The Payment Systems Regulator (PSR) has issued new versions of its directions following its consultation in CP19/3. It has also published a document,...more

A&O Shearman

UK Payment Systems Regulator Consults on Brexit-Related Changes to Onshore Regulatory Technical Standards Under the Interchange...

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The U.K. Payment Systems Regulator has launched a consultation on its proposals to onshore the Regulatory Technical Standards supplementing the EU Interchange Fee Regulation to ensure the RTS can still operate effectively...more

Hogan Lovells

Global Payments Newsletter, March 2017

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Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more

Hogan Lovells

Hogan Lovells Global Payments Newsletter - February 2017

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Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more

A&O Shearman

UK Payment Systems Regulator Publishes Final Guidance on the European Interchange Fee Regulation

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The UK Payment Systems Regulator published the final Guidance on its approach to monitoring compliance with the EU Interchange Fee Regulation. The final Guidance consolidates the previous final Guidance published in March...more

Orrick - Finance 20/20

EBA Publishes Final Draft RTS on Separation of Payment Card Schemes and Processing Entities under IFR

Orrick - Finance 20/20 on

On July 28, 2016 the EBA published final draft regulatory technical standards (RTS) relating to the separation of payment card schemes and payment processing entities under the Interchange Fee Regulation ((EU) 2015/751) (IFR)...more

Cooley LLP

Blog: EBA publishes Regulatory Technical Standards on separation of payment card schemes & processing entities: next steps

Cooley LLP on

The European Banking Authority (EBA) has published its final draft Regulatory Technical Standards (RTS) on the separation of payment card schemes and processing entities, under article 7(6) of the European Interchange Fees...more

Cooley LLP

Blog: Interchange Fees Regulation: UK High Court refers Amex v HM Treasury to CJEU for preliminary ruling

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The UK’s High Court has asked the Court of Justice of the European Union (CJEU) for a preliminary ruling on the interpretation of the Interchange Fees Regulation (IFR), which caps credit and debit card interchange fees. The...more

Locke Lord LLP

Brexit: What You Need To Know - Cards and Payments

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The payments industry is by and large a forward-looking and innovative sector. As such, whilst the temptation may be to focus on the negative implications of Brexit, not least the threat of jeopardising London’s status as the...more

Robins Kaplan LLP

Your daily dose of financial news - The Brief – 7.6.16

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How often are we going to be hearing about Brexit aftershocks? I’d expect you better get used to it. Today’s edition: two other real estate funds (these run by Aviva ad M&G) have joined Standard Life in freezing withdrawals...more

Eversheds Sutherland (US) LLP

UK Payment Systems Regulator Issues Guidance Setting Credit and Debit Interchange Caps

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On March 24th, the United Kingdom’s Payment Systems Regulator (PSR) issued final guidance establishing interchange fee caps on credit and debit card transactions where the point of sale is located in the United Kingdom. The...more

Cooley LLP

Blog: EBA Consultation On The Separation Of Payment Card Schemes & Processing Entities

Cooley LLP on

The European Banking Authority has published a consultation paper (CP) and some draft regulatory technical standards (RTS) on the separation of payment card schemes and processing entities, under article 7(6) of the...more

Orrick - Finance 20/20

ECON Votes in Favor of the MIF Regulation

Orrick - Finance 20/20 on

On January 27, the Economic and Monetary Affairs Committee (“ECON”) released a press release stating that it had voted in favour of the proposed Regulation on multilateral interchange fees (“MIF Regulation”). This vote...more

Cooley LLP

Alert: The Proposed Regulation on Interchange Fees for Card-Based Payment Transactions

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"Payment cards are the most frequently used electronic payment instrument for retail purchases. However, integration of the [European] Union [(EU)] payment card market is far from complete as many payment solutions cannot...more

Pillsbury - Global Sourcing Practice

Payments Industry Update: European Commission announces regulation of Interchange Fees and a ban on Surcharges

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On July 24, the European Commission unveiled its legislative package to adapt the EU payments market to the opportunities of the single market and to support EU economic growth....more

BakerHostetler

2012 Payments Systems Year-in-Review

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The interchange fee and the potential of mobile payments were the dominant payment system issues in 2012. From a landmark antitrust settlement to seemingly daily announcements of a new prepaid or mobile payment product, there...more

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