argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: European Commission - card payment

The European Commission has issued new requirements aimed at ensuring the independence of payment card schemes and processing entities, to enhance competition in the card payment market. The Interchange Fee Regulation has capped fees charged by banks for card payments, which are ultimately paid by consumers. The new rules will bring more competition to the processing of card payments, which should further reduce costs. The new rules will introduce detailed requirements concerning the separation of certain functions, which will enter into force on 7 February 2018. This includes the limitations of information exchange, as well as separate profit and loss accounts, separate corporate organization (workspaces, management and staff) and separate decision-making.