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The EU Commission issues new requirements to ensure the independence of payment card schemes and processing entities (Interchange Fee Regulation)

Competition: Commission welcomes new rules that benefit consumers by promoting more competition in processing of card payments* The European Commission has issued new requirements that ensure independence of payment card schemes and processing entities, to enhance competition in the card payment market. Retailers will be able to choose the most suitable processor for their card transactions, to the benefit of consumers. Commissioner Margrethe Vestager, in charge of competition policy, said: "Many consumers use payment cards every day in shops or online. The Interchange Fee Regulation has capped fees

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European Commission, The EU Commission issues new requirements to ensure the independence of payment card schemes and processing entities (Interchange Fee Regulation), 18 January 2018, e-Competitions January 2018, Art. N° 85977

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