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Ahead of trialogue discussions, the commerce sector urges the European Council and Parliament to devise a text that sets harmonised caps on debit and credit cards with no 'weighted average', includes three-party schemes and commerical cards within the regulation, and one that removes the honour-all-cards rule and ensures swift implemention. Such a text will allow for healthier competition - something that is much needed in the retail payments market to promote innovation, improve customer service and ensure flexibility.Read more
Retailers and wholesalers today welcomed the announcement that Visa and Mastercard have made commitments to bring transactions on cards issued outside the EU (non-EU visitors purchasing within the EU) broadly in line with those EU-issued cards.Read more
Retailers have been at the forefront of introducing innovation and new technology to meet the ever-changing demands and needs of their customers. Contactless technology is another step in making shopping easier and quicker for customers, and allows retailers to serve them more quickly and easily. To take advantage of the potential benefits that contactless technology can bring, retailers need to equip themselves and their staff to use the equipment properly and help customers with any issues which might arise.Read more
EuroCommerce, in association with a number of pan-European stakeholders representing the digital, retail and payments sectors, has co-signed a letter addressed to the European Payments Council regarding the extended remittance information for SEPA payments. In the letter , the signatories are reiterating their strong support for the elimination of the current limitations in the SEPA schemes. From a Corporates’ perspective, the full benefits of SEPA can only be realised if SEPA payments are accompanied by efficient and standardised payment communication and reconciliation. The current SEPA scheme limitations do not fulfill these expectations as the SEPA scheme limits remittance information both in form and in length, contrary to the underlying ISO20022 standard.Read more
The European Payment Users Alliance represents businesses and consumers across Europe. We have a simple message for Europe’s politicians: we need the interchange fee regulation as a matter of urgency. The regulation on interchange fees must be treated as an absolute priority by the Italian Presidency so that it may be adopted by the end of 2014 and come into effect as soon as possible. Europe needs to move into a new payments world - yet the lack of this legislation is holding us back.Read more