Our response highlights that a transparent and clear application of the exemptions is relevant from a consumer protection perspective.
The EBF has responded to the EBA Consultation on draft Guidelines on the limited network exclusion under PSD2.
When paying with a card that is issued under the limited network
exclusions, consumers cannot benefit from those consumer protection
rules that apply under PSD2. Also, a harmonised interpretation is also
vital in terms of competition reasons, since there is a large cost
difference in offering a service exempt from PSD2 compared to services
in the scope. A more harmonised application of the exemptions would
support a more level playing field
EBF
© EBF
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