Separation of payment card scheme and processing entities
- Separate payment card scheme and processing activities
Retained EU Law
2015
United Kingdom
Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions (Text with EEA relevance)
At a glance
What's here
4 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Co-badging and choice of payment brand or payment application
- Allow customers to override automatic payment brand selection
Steering rules
- You can steer customers to preferred payment methods
Information to the payee on individual card-based payment transactions
- Provide transaction breakdown for each card payment
Browse 15 other sections — procedural / definitional / commencement
Scope
Definitions
Interchange fees for consumer debit card transactions
Interchange fees for consumer credit card transactions
Prohibition of circumvention
Licensing
Unblending
‘Honour All Cards’ rule
Competent authorities
Penalties
Settlement, out of court complaints and redress procedures
Universal cards
Treasury regulations
Review clause
Entry into force
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