Visa Not Expecting Drastic Interchange Reforms, Despite Competition Claims

Senior figures at Visa remain positive the European Commission will avoid a drastic overhaul of its interchange fee regime, despite claims that rules put in place in 2015 have failed to boost competition.

The 2015 Interchange Fee Regulation (IFR) caps the amount that issuers can charge acquirers for card payments at 0.2 percent of the transaction value for debit cards and 0.3 percent for credit cards.

That law is now up for review at EU level, prompting interested parties to push their preferences for potential future changes.

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