We decipher for you various publications on the subject of payments.
Let's focus today on payment-related commissions.
Slide
We decipher for you various publications on the subject of payments.
Let's focus today on payment-related commissions.
In France, at the request of the Ministry of the Economy and Finance, the French Competition Authority (Autorité de la Concurrence) has published an opinion on the proposed framework for commissions charged on meal vouchers. While noting an imbalance in the relationship between "historical" issuers and merchants, the Authority does not recommend regulating commissions, but does make a number of proposals to rebalance the market, such as :
- Move away from a 3-corner logic, so that a merchant can accept vouchers from all issuers with a single contract.
- Set a deadline by which paper vouchers will no longer be valid, to eliminate the costs associated with the paper/dematerialized "double run"
- Require issuers to formalize their pricing structure in the form of an overall effective rate, to enable comparisons between issuers.
In the United States, the FED revises the maximum interchange amount on debit cards, unchanged since 2011
- Overall, this should lead to a 28% drop in interchange, from $0.245 to $0.177 for an average transaction of $50.
- This interchange is broken down into (i) a sizeable fixed component ($0.144) to cover processing costs (authorization, clearing settlement, dispute, loyalty, etc.), (ii) a variable component (0.04%) to cover fraud and (iii) a fixed component ($0.013) to cover the cost of anti-fraud tools and programs.
- Based on data collected from issuers, the FED has proposed a drop in the first two components in 2023, but an increase in the component linked to anti-fraud tools and programs. On the basis of data collected from issuers, the FED has proposed a reduction in 2023 of the first two components, but an increase in the component linked to anti-fraud tools.
- The FED has defined the calculation formulas for updating these ceilings every 2 years on the basis of data collected from issuers.
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