Informationen about amendments
In accordance with article 8 of the EU’s MIF (Multilateral Interchange Fee) Regulation, a modification to card payments at POS terminals was due to come into effect on 9 June 2016.
This article stipulates that the purchaser at the POS terminal must be given the possibility of choosing for himself one of the payment applications available on the card. The merchant is permitted to pre-select from the payment applications accepted by it, but the final decision always lies with the cardholder.
It is important for InterCard to find a single application selection solution encompassing all terminal types. For this reason, we advocate, along with other market participants (network operators, terminal manufacturers and merchants), a technically straightforward implementation of the payment application selection rule.
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