EU MIF Regulation Impact on Apple Pay

The MIF regulation (full name - Regulation (EU) 2015/751 on interchange fees for card-based payment transactions) came into effect at the end of 2015 and is composed of four main areas:

  • Caps on interchange fees
  • Acquirer pricing transparency
  • The separation of card schemes and processing
  • Supporting rules

Overall Scope

The MIF Regulation’s scope includes debit, credit, prepaid, and ‘universal’ cards (those behaving as both debit and credit cards).

The regulation excludes three-party schemes (but only if having less than 3% ...

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