The Fintech Times

JANUARY 28, 2025

” Since 2015, UK law has capped the level of MIFs at 0.3 per cent on consumer credit transactions, and 0.3 per cent for consumer credit card transactions. These capped fees, however, exceed the competitive level of charge. For every 100 transaction, up to 0.30

Visa 59

Visa Commercial Card Caps Laws 59

Fintech News

SEPTEMBER 17, 2024

The report highlights the role of regulatory , such as interchange fee caps and the promotion of pay-by-bank alternatives, in reducing merchant costs and interventions enhancing competition within the payment market. Australia, for example, introduced caps on interchange fees in 2003 for both credit and debit transactions.

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APACS Regulations Caps Real Time Payments 111

Fintech Finance

DECEMBER 13, 2023

The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3%

Cross-Border 59

Cross-Border Caps Debit Card Visa 59

Neopay

DECEMBER 18, 2023

The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3%

Cross-Border 52

Cross-Border Caps Regulations Visa 52

Electronic Payments Coalition

MARCH 26, 2024

merchants, more than 90 percent of which are small businesses, lowering credit interchange rates and capping those rates into 2030. The settlement will reduce credit interchange rates for U.S. issued consumer credit and commercial credit transactions at U.S. merchants, comprised largely of small businesses.

Agreements 52

Agreements Payment Networks Settlement Credit Cards 52

Stax

SEPTEMBER 17, 2024

ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions). A typical ACH transaction is like a machine with multiple moving cogs. High-value ACH transactions might also attract percentage-based processing fees with some processors.

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Wire Transfer Wires Wire ACH 88

EBizCharge

JULY 25, 2024

These rules typically include the following: Disclosure Requirements: Merchants must disclose the surcharge to customers before completing the transaction. Surcharge Limits: The surcharge cannot exceed a certain percentage of the transaction amount, usually capped at 4%. The European Union took a different approach.

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Best Practices Credit Cards Compliance Debit Card 52