MAG Insights

Announcements from the MAG & Featured Articles

EU Payments System Directive II Published (MAG Quarterly- Volume Four, Issue One)

In late December, the European Union published the Payments System Directive (PSD) II. The Directive regulates credit and debit interchange fees and makes important changes to card acceptance practices. The fee caps of 0.3% on credit cards and 0.2% on debit cards went into effect in December. Additional provisions go into effect this year. The PSD II is available at:
http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2015.337.01.0035.01.ENG&toc=OJ:L:2015:337:TOC