Examples of using Interchange fee in English and their translations into Slovak
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closing the debate on the multilateral interchange fee.
We also consider that commercial cards should be included in the rules on cross-border acquiring by stating that the interchange fee to be applied should be that of the country where the acquirer operates.
closing the debate on the multilateral interchange fee.
Prior to 9 December 2015, when the Interchange Fee Regulation introduced caps on the level of the fees,
MasterCard has agreed to implement a new fee methodology that is expected to substantially reduce average weighted cross-border interchange fee levels compared with those that the EC previously found to be in breach of EU antitrust rules.
from a payment card scheme should be considered as the interchange fee.
Mrs Kroes- that the interchange fee is useful for the development
Since the publication of the Commission's Interim Report on payment cards in April 2006, banks in most of these countries have started to review their interchange fee arrangements and the Commission sees first developments in these markets.
Member States may also allow PSPs to apply a weighted average interchange fee of no more than the equivalent of 0.2% of the annual average transaction value of all domestic debit card transactions within each payment card scheme.
reversed(R‑transactions) carried out by payment service providers, a multilateral interchange fee may be applied provided that the following conditions are complied with.
the payee, the level of the default interim Multilateral Interchange Fee for a direct debit will be set at EUR 0.08 for a transitional period until 2012.
PayPal does not consider that the proceeds of the card payment in your Reserve Account are at your disposal until PayPal has received the information on the applicable interchange fee from our Processor(which can be within the next Business Day following the day on which the card payment was initiated by the card holder).
that this cannot be done without legal certainty regarding the Multilateral Interchange Fee(MIF).
the barriers to entry in the payments market- including the multilateral interchange fee;
By derogation from paragraph 1, until 9 December 2016, Member States may define a share of no more than 30% of the domestic payment transactions referred to in paragraph 1 of this Article that are considered to be equivalent to credit card transactions to which the interchange fee cap set in Article 4 shall apply.
There is an ongoing debate on how far multilateral interchange fee mechanisms are indispensable in practice to enable the efficient operation of payment card networks;
Also, at the end of 2014, political agreement was reached on an Interchange Fee Regulation that will introduce lower interchange fees for consumer card payments(and mobile and internet payments based on consumer cards)
The Commission made legally binding the commitments offered by Visa Europe in April 2010 concerning its Multilateral Interchange Fee(MIF) for immediate debit cards transactions applicable to cross-border transactions in the EEA
The Regulation seeks to prevent the raising of scheme fees to compensate for the lowering of MIFs through its Article 5 which would treat as an interchange fee any net compensation received by an issuing bank from a payment card scheme in relation to payment transactions
which found that interchange fee agreements might stand in the way of a more cost-efficient payment cards industry