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On March 26, 2008, the European Commission opened an investigation into Visa's multilateral interchange fees for cross-border transactions within the EEA as well as into the "Honor All Cards" rule (under which merchants are required to accept all valid Visa-branded cards).
The first European cross-border region, the EUREGIO, [2] was established in 1958 on the Dutch–German border, in the area of Enschede (NL) and Gronau (DE). Since then, Euroregions and other forms of cross-border co-operation have developed throughout Europe.
The Single Euro Payments Area (SEPA) is a payment integration initiative of the European Union for simplification of bank transfers denominated in euros.As of 2020, there were 36 members in SEPA, [2] consisting of the 27 member states of the European Union, the four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and the United Kingdom.
In April 2017, they launched "Cross-Border" EMV Debit Card with Visa and Mastercard. [9] [10] Most ATMs owned by nationwide commercial banks still accept Maestro card. Also, certain ATMs will present the user with foreign language options upon insertion of a Maestro card. Hong Kong: Yes MasterCard Debit
2012 update: Regulation on cross-border payments, "multilateral interchange fees" (EU Regulation 260/2012) July 2013: report on implementation of PSD and its two updates [9] 16 November 2015: The Council of the European Union passes PSD2, giving member states two years to incorporate the directive into their national laws and regulations. [13]
In January 2019, the European Commission imposed an antitrust fine of €570,566,000 on Mastercard for "obstructing merchants' access to cross-border card payment services", due to Mastercard's rules obliging acquiring banks to apply the interchange fees of the country where a retailer was located.
The border between Morocco and the Spanish enclave of Melilla on June 25, 2022, a day after at least 23 migrants died in a bid by around 2,000 people to force their way into Europe. (Fadel Senna ...
On 4 December 2006, all European Union member states agreed to adopt common designs and minimum security standards for national identity cards that were in the draft resolution of 15 November 2006: [58] [59] This included laminated paper core cards and cards made of a synthetic substrate. The standard specified minimum biographical information ...