Examples of using Interchange fee in English and their translations into German
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Political
Multilateral Interchange fee.
The domestic interchange fee will be reduced for the second time to 0.44 per cent on 1 August 2017.
Multilateral Interchange fee.
And: the EU Commission hasassumed responsibility for the regulation of that hot potato, the interchange fee.
Arguments to justify the need for an interchange fee include the following.
The multilateral interchange fee, therefore, does not seem to be the only financing mechanism, or even the most effective one.
MasterCard Europe/International multilateral interchange fee.
In practice the banks which have to pay the interchange fee pass it on to their clients, the merchants.
The interchange fee therefore effectively determines to a large extent the price charged by PSPs to merchants for card acceptance.
MasterCard Europe/International(multilateral interchange fee)124.
Legal certainty regarding the Multilateral Interchange Fee(MIF) is an essential prerequisite for the drafting of these plans.
For transactions with a UBS card,UBS as card issuer can receive an interchange fee from the acquirer.
Multilateral interchange fee agreements such as MasterCard's inflate the cost of card acceptance by retailers.
The maximum interest rate for the personalcredit business was reduced in mid-2016 and the interchange fee also dropped dramatically.
The acquiring bank passes the interchange fee on to the retailer who includes it, like any other cost, in the final price he charges consumers for his products or services.
The latter's decision of 2007 prohibiting MasterCard's cross-border interchange fee has been recently upheld by the General Court.
Most of this MSC is made up of the interchange fee- other elements include a card scheme fee(network fee) and a fee paid by merchant for the services of the acquiring bank.
The Commission, however, doubts whether another controversial Visa provision,namely the interchange fee, is acceptable under EC competition law.
Without prejudice to paragraph 2, no multilateral interchange fee per direct debit transaction or other agreed remuneration with an equivalent object or effect shall apply to direct debit transactions.
Every time a consumer uses a payment card in a shop or online, the bank of the retailer(the'acquiring bank')pays a fee called an'interchange fee' to the cardholder's bank the'issuing bank.
Perhaps the other main stumbling block is the multilateral interchange fee for card payments and, again, this needs resolving in a way that is also in accord with competition policy.
For direct debit transactions which cannot be properly executed by a payment service provider because the payment order is rejected, refused, returned or reversed(R‑transactions) carried out by payment service providers,a multilateral interchange fee may be applied provided that the following conditions are complied with.
It should also be pointed out that the interchange fee is not determined by competition: as a rule, for international transfers the choice of the bank to carry out the transaction is made by the originator, not his bank.
My proposal for guidelines is based on the conviction- and of course here we may disagree,Mrs Kroes- that the interchange fee is useful for the development and the efficiency of the payment instrument.
Among other things, the interchange fee covers the costs of UBS for handling transactions and the risks of granting credit- provided these are not already covered by prices or fees according to the lists or product factsheets.
As far as individual cases are concerned, the Commission adopted two decisions,the first on Visa International's multilateral interchange fee and the second fining eight Austrian banks for their participation in a wide-ranging price cartel.
Should an interchange fee be levied, a transparent, cost-based methodology will have been defined and submitted for approval to the European Commission;-- a comprehensive strategy will have been developed in order to reduce card fraud, in particular in the cross-border context.
In the Commission's view, Visa International has not sofar put forward any convincing reasons showing that the interchange fee fulfils the cumulative conditions for an exemption under the EC antitrust rules, such as that it would be indispensable for the functioning of the Visa payment card scheme.
The EESC stresses the need to see these proposals through their regulatory process as a matter of urgency to combat the lack of transparency on the real costsof card payments and the barriers to entry in the payments market- including the multilateral interchange fee.
In order to help create that common direct debit model, the regulation states that in the absence of a bilateral agreement between the payment service providers of the payer and the payee,the level of the default interim Multilateral Interchange Fee for a direct debit will be set at EUR 0.08 for a transitional period until 2012.