10 Amendments of Alfredo PALLONE related to 2013/0265(COD)
Amendment 86 #
Proposal for a regulation
Article 1 – paragraph 1
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.
Amendment 97 #
Proposal for a regulation
Article 1 – paragraph 3 – point a
Article 1 – paragraph 3 – point a
(a) transactions with commercial cards,
Amendment 102 #
Proposal for a regulation
Article 1 – paragraph 3 – point c
Article 1 – paragraph 3 – point c
(c) transactions with cards issued by three party payment card schemes.
Amendment 138 #
Proposal for a regulation
Article 2 – paragraph 1 – point 9
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.
Amendment 145 #
Proposal for a regulation
Article 2 – paragraph 1 – point 15
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 cardholdpayer 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 or distributes payment cards with a co-brand partner or through an agent, it is considered as a four party payment card scheme;
Amendment 151 #
Proposal for a regulation
Article 2 – paragraph 1 – point 25 a (new)
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'.
Amendment 190 #
Proposal for a regulation
Article 4
Article 4
Amendment 237 #
Proposal for a regulation
Article 5 a (new)
Article 5 a (new)
Article 5 a 1. Three party payment card schemes operate with implicit interchange fees which should be subject to same rules that apply to the explicit interchange fees as referred to in Articles 3, 4 and 5. 2. In order to ensure compliance with this requirement, three party payment card schemes shall: a. keep separate accounts for the activities associated with acquiring consumer cards and the activities associated with issuing consumer cards in the same manner as would be the case if these activities were carried out by legally independent companies; b. make transparent their internal transfer prices to ensure compliance with the caps on implicit interchange fees and to prevent cross-subsidy.
Amendment 310 #
Proposal for a regulation
Article 16 – paragraph 1
Article 16 – paragraph 1
Four years after the entry into force of this Regulation, the Commission shall present to the European Parliament and to the Council a report on the application of this Regulation. The Commission's report shall look in particular at the appropriateness of the levels of interchange fees, and at steering mechanisms such as charges, and at the impact of this Regulation on consumers (including the increase of fees charges by payer's service provider to the payer any increase and any reduction in retail prices) and small merchants, taking into account the use and cost of the various means of payments and the level of entry of new players and new technology on the market.
Amendment 318 #
Proposal for a regulation
Article 17 – paragraph 1
Article 17 – paragraph 1
This Regulation shall enter into force on the twentieth daysix months following that of its publication in the Official Journal of the European Union.