European Commission

341 results about this entity

Period: 16 Nov 2001 - 01 Aug 2024

Deutsche Bank scores EC payments services contract

Deutsche Bank has been selected among the banks which will provide payment services for the European Commission (EC) from 2015 for the maximum period of 5 years.

Europe passes rules mandating central clearing for OTC derivatives

The European Commission has finally green-lighted new rules that make it mandatory for certain over-the-counter (OTC) interest rate derivative contracts to be cleared through central counterparties.

EU watchdogs take aim at MasterCard

EU anti-trust regulators have issued a formal 'Statement of Objections' against MasterCard, accusing the card scheme of using its rules to artificially inflate fees and of over-charging retailers for purchases made by non-EU cardholders.

Justice ministers appriove EU data protection rules package

Today, Ministers in the Justice Council have sealed a general approach on the Commission proposal on the Data Protection Regulation.

European lawmakers agree revised Payments Services Directive

European lawmakers have reached an informal agreement on a revised Payment Services Directive (PSD2) designed to boost competition and innovation while improving consumer protections.

EU Parliament approves interchange fee caps

The European Parliament has voted overwhelmingly in favour of a bill to cap the interchange fees charged by card schemes for payments using credit and debit cards.

EU court quashes ECB counterparty location policy

The Eurosystem comprises the European Central Bank (ECB) and the national central banks o fthe Member States that have adopted the euro as a common currency.

MasterCard loses EU appeal over cross-border interchange fees

MasterCard has lost a seven-year battle with the European Commission over the validity of its interchange fees for cross-border card payments, following a decisive judgement at the EU's highest court.

MEPs vote to curb high-frequency trading

Members of the European Parliament have voted through new rules designed to clamp down on high-frequency trading 'Flash Boys'.

EC accepts Visa Europe credit card fee cap proposal

The EC has accepted Visa Europe's promise to cap its multilateral interchange fees (MIFs) for cross-border credit card payments at 0.3%.

MEPs back caps on card fees across the EU

The fees that banks charge retailers for processing shoppers' payments should be capped, Economic and Monetary Affairs Committee MEPs decided in a vote on Thursday.

European Parliament approves plans to extend Sepa migration deadline

The European Parliament has voted in favour of proposals to extend the migration deadline for processing Sepa-compliant payment transfers by six months, to August 2014.