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10 Amendments of Werner LANGEN related to 2013/0265(COD)

Amendment 49 #
Werner LANGEN
Proposal for a regulation
Recital 17
(17) For domestic transactions, a transition period is necessary to provide payment services providers and schemes with time to adapt to the new requirements. Therefore, after a twoone year period following the entry into force of this Regulation and in order to provide for a completion of an internal market for card- based payments, the caps on interchange fees for consumer card transactions should be extended to cover all, cross-border and domestic payments.
2014/01/28
Committee: ECON
Amendment 75 #
Werner LANGEN
Proposal for a regulation
Recital 29
(29) The Honour all Cards Rule is a twofold obligation imposed by issuing payment services providers and payment card schemes on payees to, on the one hand, accept all the cards of the same brand ('Honour all Products' - element), irrespective of the different costs of these cards, and on the other hand irrespective of the individual issuing bank which has issued the card ('Honour all Issuers' – element). It is in the interest of the consumer that for the same category of cards the payee cannot discriminate between issuers or cardholders, and payments schemes and payment service providers can impose such obligation on them. Therefore, although the 'Honour all Issuers' element of the Honour all Cards Rule is a justifiable rule within a payment card system, since it prevents that payees from discriminating between the individual banks which have issued a card, the 'Honour all Products' element is essentially a tying practice that has the effect of tying acceptance of low fee cards to acceptance of high fee cards. A removal of the 'Honour all Products' element of the Honour All Cards Rule would allow merchants to limit the choice of payment cards they offer to low(er) cost payment cards only, which would also benefit consumers through reduced merchants' costs. Merchants accepting debit cards would then not be forced also to accept credit cards, and those accepting credit cards would not be forced to accept commercial cards. However, to protect the consumer and his ability to use the payment cards as often as possible, merchants should be obliged to accept all cards that are subject to the same regulated interchange fee. Such a limitation would also result in a more competitive environment for cards with interchange fees not regulated under this Regulation, as merchants would gain more negotiating power as regards the conditions under which they accept such cards.deleted
2014/01/28
Committee: ECON
Amendment 79 #
Werner LANGEN
Proposal for a regulation
Recital 30
(30) For the effective functioning of the limitations to the Honour All Cards Rule certain information is indispensable. First, pPayees should have the means to identify the different categories of cards. Therefore, the various categories should be identifiable visibly and electronically on the device. Secondly, also the payer should be informed about the acceptance of his payment instrument(s) at a given point of sale. It is necessary that any limitation on the use of a given brand to be announced by the payee to the payer at the same time and under the same conditions as the information that a given brand is accepted.
2014/01/28
Committee: ECON
Amendment 161 #
Werner LANGEN
Proposal for a regulation
Article 3 – paragraph 1
(1) With effect fromStarting two months after the entry into force of this Regulation, payment services providers shall nothe per transaction interchange fee or other agreed remuneration with an equivalent object or effect offered or requested by payment service providers for cross-border debit card transactions a per transaction interchange fee or other agreed remuneration with an equivalent object or effect of more than 0,2 % of the value of the transactionshall be gradually reduced so that that after five years interchange fees do not exceed 0,2 % of the value of the transaction. To that end, interchange fees shall start at a level not exceeding 0.7% of the value of the transaction and shall be reduced by 0.1 percentage points per year, so that the final target value is reached after five years.
2014/01/28
Committee: ECON
Amendment 176 #
Werner LANGEN
Proposal for a regulation
Article 3 – paragraph 2
(2) With effect fromStarting two months after the entry into force of this Regulation, payment services providers shall nothe per transaction interchange fee or other agreed remuneration with an equivalent object or effect offered or requested by payment service providers for cross-border credit card transactions a per transaction interchange fee or other agreed remuneration with an equivalent object or effect of more than 0,3 % of the value of the transaction. shall be gradually reduced so that after five years interchange fees do not exceed 0,3 % of the value of the transaction. To that end, interchange fees shall start at a level not exceeding 0.8% of the value of the transaction and shall be reduced by 0.1 percentage points per year, so that the final target value is reached after five years.
2014/01/28
Committee: ECON
Amendment 196 #
Werner LANGEN
Proposal for a regulation
Article 4 – paragraph 1
(1) With effect from twoStarting one years after the entry into force of this Regulation, payment service providers shall not offer or request athe per transaction interchange fee or other agreed remuneration with an equivalent object or effect of more than 0,2 % of the value of the transaction for any debit card based transactionfered or requested by payment service providers for debit card transactions shall be gradually reduced so that that after five years interchange fees do not exceed 0,2 % of the value of the transaction. To that end, interchange fees shall start at a level not exceeding 0.7% of the value of the transaction and shall be reduced by 0.1 percentage points per year, so that the final target value is reached after five years.
2014/01/28
Committee: ECON
Amendment 214 #
Werner LANGEN
Proposal for a regulation
Article 4 – paragraph 2
(2) With effect from twoStarting one years after the entry into force of this Regulation, payment service providers shall not offer or request athe per transaction interchange fee or other agreed remuneration with an equivalent object or effect of more than 0,3 % of the value of the transaction for any credit card based transactionfered or requested by payment services providers for credit card transactions shall be gradually reduced so that that after five years interchange fees do not exceed 0,3 % of the value of the transaction. To that end, interchange fees shall start at a level not exceeding 0,8% of the value of the transaction and shall be reduced by 0.1 percentage points per year, so that the final target value is reached after five years.
2014/01/28
Committee: ECON
Amendment 271 #
Werner LANGEN
Proposal for a regulation
Article 8 – paragraph 5
(5) Where a payment device offers the choice between different brands of payment instruments, the brand applied to the payment transaction at issue shall be determined by the payere at the point of sale.
2014/01/28
Committee: ECON
Amendment 274 #
Werner LANGEN
Proposal for a regulation
Article 8 – paragraph 6
(6) Payment card schemes, issuers, acquirers and payment card handling infrastructure providers shall not insert automatic mechanisms, software or devices on the payment instrument or at equipment applied at the point of sale which limit the choice of application by the payere when using a co-badged payment instrument.
2014/01/28
Committee: ECON
Amendment 277 #
Werner LANGEN
Proposal for a regulation
Article 10
Article 10 Honour All Card rules (1) Payment schemes and payment service providers shall not apply any rule that may oblige payees accepting cards and other payment instruments issued by one issuing payment service provider within the framework of a payment instruments scheme to also accept other payment instruments of the same brand and/or category issued by other issuing payment service providers within the framework of the same scheme, except if they are subject to the same regulated interchange fee. (2) The restriction of Honour all card rules referred to in paragraph 1 is without prejudice to the possibility for payments schemes and payment service providers to provide that certain cards may not be refused on the basis of the identity of the issuing payment service provider or of the cardholder. (3) Merchants deciding not to accept all cards or other payment instruments of a payment card scheme shall inform consumers in a clear and unequivocal manner at the same time as they inform the consumer on the acceptance of other cards and payment instruments of the scheme. That information shall be displayed prominently at the entrance of the shop, at the till or on the website or other applicable electronic or mobile medium, and shall be provided to the payer in good time before he enters into a purchase agreement with the payee. (4) Issuing payment service providers shall ensure that their payment instruments are visibly and electronically identifiable, enabling payees to identify unequivocally which brands and categories of prepaid, debit, credit or commercial cards or card based payments based on these are chosen by the payer.deleted
2014/01/28
Committee: ECON
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