[ParlTrack]

Proposal for a regulation
Title 1

Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on interchange fees for card-based payment transactions and digital wallets (Text with EEA relevance)

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 1 – paragraph 1

1. This Regulation lays down uniform technical and business requirements for payment card and digital wallet transactions carried out within the Union, where ~~both~~ the payer's payment service provider ~~and~~, the payer, the payee's payment service provider and the payee are established therein.

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 1 – paragraph 3 – point a

(a) ~~transactions with~~ commercial cards,

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 1 – paragraph 3 – point c

(c) ~~transactions with~~ cards issued by three party payment card schemes.

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 2 – paragraph 1 – point 9

(9) ‘'interchange fee’' means a fee paid ~~for each transaction~~ directly or indirectly (i.e. through a third party) between the payment service providers of the payer and of the payee involved in a payment card or a payment card-based transaction. An interchange fee can either be explicit in a four party card scheme (the fee is paid by one legal entity to another legal entity) or implicit in a three party scheme (internal transfer between the acquiring business and the issuing business of one and the same legal entity). It also includes a fee paid or rebate offered between the payment service provider of the payer and a co- brand partner or an agent;

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 2 – paragraph 1 – point 15

(15) ‘'three party payment card scheme’' means a payment card scheme in which payments are made from a payment account held by the scheme on behalf of the ~~cardhold~~payer to a payment account held by the scheme on behalf of the payee, and card based transactions based on the same structure. When a three party payment card scheme licenses other payment service providers for the issuance and/or the acquiring of payment cards, or issues payment cards with a co-brand partner or through an agent, it is considered as a four party payment card scheme;

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 2 – paragraph 1 – point 25 a (new)

(25a) 'digital wallet' means a service allowing the wallet holder to access, manage and use identification and payment instruments in order to initiate payments. This service may reside on a device owned by the wallet holder e.g., a mobile phone or a PC or may be remotely hosted on a server (or a combination thereof) but is anyway under the control of the holder. The merchant with whom the digital wallet contracts is referred to as the 'sub-merchant';

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 2 – paragraph 1 – point 25 b (new)

(25b) 'average', in relation to interchange fees, means the total amount of credit card or debit card interchange fees paid, divided by the total amount of related transactions over the same time period;

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 3 – title

Interchange fees for cross-border consumer debit or credit card ~~transactions~~

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 3 – paragraph 1

1. With effect from two months after the entry into force of this Regulation, payment services providers shall not offer or request for cross-border ~~debit card~~ transactions with a debit card a per transaction interchange fee or other agreed remuneration with an equivalent object or effect of, on average, more than 0,.2 % of the value of the transaction.

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 3 – paragraph 2

2. With effect from two months after the entry into force of this Regulation, payment services providers shall not offer or request for cross-border ~~credit card~~ transactions with a credit card a per transaction interchange fee or other agreed remuneration with an equivalent object or effect of, on average, more than 0,.3 % of the value of the transaction.

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 4

Article 4 Interchange fees for all consumer debit or credit card transactions 1. With effect from two years after the entry into force of this Regulation, payment service providers shall not offer or request a per transaction interchange fee or other agreed remuneration with an equivalent object or effect of more than 0,2 % of the value of the transaction for any debit card based transactions. 2. With effect from two years after the entry into force of this Regulation, payment service providers shall not offer or request a per transaction interchange fee or other agreed remuneration with an equivalent object or effect of more than 0,3 % of the value of the transaction for any credit card based transactions.deleted

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 10 – paragraph 1

1. Payment schemes and payment service providers shall not apply any rule that may oblige payees accepting cards and other payment instruments issued by one issuing payment service provider within the framework of a payment instruments scheme to also accept other payment instruments of the same brand and/or category issued by other issuing payment service providers within the framework of the same scheme, except if they are subject to the same regulated interchange fee.deleted

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 10 – paragraph 2

2. The restriction of Honour all card rules referred to in paragraph 1 is without prejudice to the possibility for payments schemes and payment service providers to provide that certain cards may not be refused on the basis of the identity of the issuing payment service provider or of the cardholder.deleted

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 10 – paragraph 3

3. Merchants deciding not to accept all cards or other payment instruments of a payment card scheme shall inform consumers in a clear and unequivocal manner at the same time as they inform the consumer on the acceptance of other cards and payment instruments of the scheme. That information shall be displayed prominently at the entrance of the shop, at the till or on the website or other applicable electronic or mobile medium, and shall be provided to the payer in good time before he enters into a purchase agreement with the payee.deleted

2013/12/12
Committee: IMCO

Matteo SALVINI

Proposal for a regulation
Article 10 – paragraph 4

4. Issuing payment service providers shall ensure that their payment instruments are visibly and electronically identifiable, enabling payees to identify unequivocally which brands and categories of prepaid, debit, credit or commercial cards or card based payments based on these are chosen by the payerfor which interchange fees are not regulated are visibly and electronically identifiable.

2013/12/12
Committee: IMCO

Sampo TERHO, Matteo SALVINI

Proposal for a regulation
Article 4

Article 4 Interchange fees for all consumer debit or credit card transactions 1. With effect from two years after the entry into force of this Regulation, payment service providers shall not offer or request a per transaction interchange fee or other agreed remuneration with an equivalent object or effect of more than 0,2 % of the value of the transaction for any debit card based transactions. 2. With effect from two years after the entry into force of this Regulation, payment service providers shall not offer or request a per transaction interchange fee or other agreed remuneration with an equivalent object or effect of more than 0,3 % of the value of the transaction for any credit card based transactions.deleted

2014/01/28
Committee: ECON

Activities of Matteo SALVINI related to 2013/0265(COD)

Plenary speeches (1)

Amendments (17)

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