Press Release: New rules on Payment Services for the benefit of consumers and retailers

In order to adapt EU payments market to the opportunities of the single market and to support the growth of the EU economy, the European Commission adopted on 24 July 2013 a package including:

- A new payment Services Directive ("PSD2");

- A proposal for regulation on interchange fees for card-based payment transactions.

• Primary Source

ESO: Background information: Payments services directive II http://www.europeansources.info/record/payments-services-directive-ii-special-reports/

European Commission, MEMO/13/719: Payment Services Directive and Interchange fees Regulation: frequently asked questions http://europa.eu/rapid/press-release_MEMO-13-719_en.htm

European Commission, SPEECH/13/658: Speech: Remarques introductives sur le paquet paiement http://europa.eu/rapid/press-release_SPEECH-13-658_fr.htm

ESO: Background information: EU plan to cut credit and debit card fees is confirmed http://www.europeansources.info/record/eu-plan-to-cut-credit-and-debit-card-fees-is-confirmed/

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