Blog Archives: tag "Interchange Fees"

EU Payment Rules, EU Interchange Fee Rules, EU Payment Service Rules

The European Commission have announced  a new payment services direction, otherwise known as PSD2, and a new set of regulations designed to tackle and limit interchange fees for credit, debit and prepaid card based transactions throughout the Eurozone.

Payments in the EU account for as much as 1% of GDP, a sum that is estimated at some 130 billion Euros each year, and is something that many MEPs have suggested that the union can ill afford in the current economic climate.

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