European Union

The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.

Source: europa.eu

EU Parliament Votes To Limit Interchange Fees
EU Parliament Votes To Limit Interchange Fees
March 11, 2015  |  Europe

The European Parliament voted overwhelmingly on Tuesday (March 10) to cap payment card interchange fees for consumer payments, according to Finextra. The 621-to-26 vote came...

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More Red Tape Coming For Cross-Border Payments
More Red Tape Coming For Cross-Border Payments
January 08, 2015  |  B2B Payments

Regulators around the world are stepping up anti-money-laundering (AML) efforts, and, as a result, lenders are tightening the screws on cross-border payments, according to Corporate...

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EU Cracks Down On Mobile Payments
EU Cracks Down On Mobile Payments
September 23, 2014  |  Europe

The European Union Council of Ministers is preparing to toughen the rules for all mobile and digital payments, according to a report in Computing.co.uk. According...

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Russia Backs Off Deadline For Visa, MasterCard Security Deposits
Russia Backs Off Deadline For Visa, MasterCard Security Deposits
August 14, 2014  |  Europe

Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner...

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Uh, Oh. More Banking Regulation Comes to the EU
Uh, Oh. More Banking Regulation Comes to the EU
April 18, 2014  |  B2B Payments

The European Union will add a new union to its structure, a “banking union” that is designed to “fix” the EU’s still troubled financial sector...

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