317 results
Insight

26 October 10

SEPA for Cards: From Vision to Reality

The principle governing the SEPA Cards Standardisation Programme In 2004, the European Central Bank expressed the expectation that in SEPA cardholders should be able to use any card at any terminal to pay for goods or services or withdraw cash under the same conditions as in their home country....

Read more
Insight

07 June 16

Is the market ready for the Card Interchange Fee Regulation?

On 8 June and 9 December 2015, respectively, Regulation from the European Parliament and the Council of 29 April 2015, entitled the Interchange Fee Regulation (IFR or Regulation (EU) 2015/751), partially came into effect, ensuring a cap on interchange rates for consumer cards across the EU. On 9 June...

Read more
Insight

28 October 15

The Impact of the Interchange Fee Regulation: a Card Scheme’s View

The Interchange Fee Regulation (IFR) is much more than a few articles capping interchange fees for debit and credit cards. The regulators have included a series of ‘business rules’ dealing with a variety of issues. The net effect of the IFR is a redistribution of revenues and costs which will have...

Read more
Insight

28 October 15

Regulation on Card Fees for EU-Wide Payments: a Processor’s View

Impact of the Regulation on processing Processors provide solutions that are compliant with the supported brands’ scheme rules and that answer their customers’ needs. The Interchange Fee Regulation (IFR) has an impact on processing, as it will need to adapt and support the fee models and associated...

Read more
Insight

29 October 12

EMV Goes Global: The End of an Era for the Magnetic Stripe Payment Card

EMV®1 technology is gaining traction worldwide. This is good news for Europe and other regions that have invested in and adopted this card payment framework. EMV is a global standard for credit and debit payment cards based on secure chip card technology. The SEPA Cards Framework (SCF) developed...

Read more
Insight

27 February 18

Early adopters of SEPA Instant Credit Transfer: the case of SIA

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The EPC’s SEPA Instant Credit Transfer (SCT Inst) scheme was created in close collaboration with stakeholders from across the payment chain and officially launched in November...

Read more