On 19 May 2015, the Regulation on interchange fees for card-based payment transactions ((EU) 2015/751) ("MIF Regulation") was published in the Official Journal of the EU.
JCB is committed to the adoption of the MIF Regulation for the benefit of its clients and JCB cardmembers.
As the implementation of the MIF Regulation will occur in stages, JCB will be announcing critical initiatives on pricing, processing and products to give effect to the Regulation over the next year.
In anticipation of the entering into force of Article 11 of the MIF Regulation, JCB International Co., Ltd wanted to clarify the following for the avoidance of doubt. Nothing in its license agreement for acquiring business and/or issuing partners or the JCB Regulatory Publications prevents JCB merchants from: