Implementation of the European IFR to Bring Huge Savings for Many Merchants

European Interchange Fee Regulation (IFR), stands to bring huge savings for many merchants. However, there are fears that payments companies will not pass on savings in their entirety to merchants.

United Kingdom {Press Release} New regulation that comes into force today will set interchange caps of 0.3% of the transaction value for credit cards and 0.2% for debit cards on all domestic consumer card transactions across the EU. Payments experts

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