341 results about this entity
Period: 16 Nov 2001 - 01 Aug 2024
News
The European Commission (EC) has launched a formal investigation into the interchange fees charged by Visa for cross-border card transactions.
26 March 2008
LCH.Clearnet has backed down in its stand-off with Swiss central counterparty SIS x-clear over free access to the London Stock Exchange's equity business as required under the EC's voluntary code of conduct but has attacked European rivals for failing to cooperate.
10 March 2008
MasterCard has lodged an appeal against the European Commission's ruling that the non-negotiable interchange fees it charges for cross-border card transactions violate rules on restrictive business practices.
03 March 2008
Swiss central counterparty SIS x-clear has been forced to delay the launch of its UK equity clearing service after LCH.Clearnet refused to allow it free access to the London Stock Exchange's equity business as required under the EC's voluntary code of conduct.
18 February 2008
The European Commission (EC) says it is referring Spain, Poland and the Czech Republic to the European Court of Justice for failing to transpose the Markets in Financial Instruments Directive (MiFID) in national law.
01 February 2008
The first stage implementation of the single euro payments area (Sepa) - which aims to make cross-border payments as cheap as domestic transactions - has gone live with the official launch of the Sepa payment instrument for credit transfers.
28 January 2008
The European Commission has given the go-ahead for the creation of a payment cards joint venture between Allied Irish Banks and First Data.
11 January 2008
MasterCard has stepped up its campaign against the European Commission's rulings on interchange charges by warning consumers not to expect lower prices when they shop if the fees are scrapped.
20 December 2007
MasterCard has six months to scrap the non-negotiable interchange fees it charges for cross-border transactions or face daily penalties, under a ruling by the European Commission (EC).
19 December 2007
Bank lobby groups have given a guarded welcome to European Commission proposals for a Directive aimed at simplifying the current VAT regime for financial and insurance services.
29 November 2007
An internal "spat" at the European Commission (EC) is causing further delays to a ruling on interchange fees charged by card operator MasterCard and raising fears that the on-going uncertainty could hinder the launch of the single euro payments area (Sepa) in January.
16 November 2007
The British Retail Consortium (BRC) says customers still prefer to use cash when paying for purchases in stores despite moves by banks to boost revenues from fees through increased card spending.
24 October 2007
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