|Author (Corporate)||Copenhagen Economics, Ernst & Young|
|Publisher||European Commission, Publications Office of the European Union|
Study published by the European Commission in March 2020 on the application of Regulation 2015/751 - also known as Interchange Fee Regulation.
The study - which was commissioned by the Commission to an external contractor - finds that the main objectives of the Regulation were achieved, as the interchange fees for consumer cards have decreased by 35% (around €2,6 billion per year) between 2015 and 2017. This decrease resulted in lower charges for retailers as well as benefits to consumers through lower retail prices. Furthermore, increased cross-border acquiring services and card transactions led to a higher degree of market integration.
The Regulation envisages that the Commission must submit a report on its application to the co-legislators - this study was to be used as one of the sources of information for that report, together with stakeholders' feedback and evaluations from competent national enforcement authorities.
|Subject Categories||Business and Industry, Internal Markets|
|Subject Tags||Competition Law | Policy, Financial Services|
|International Organisations||European Union [EU]|