Translation of "carte d'information sur le client " (French → English) :

Mr. Rudin: Yes, my understanding is the interchange fee is established by the card network, but it is remitted to the financial institution that issued the consumer the card.

But again, that was a story about access to credit card information largely, that people's credit card information was exposed.

divestment of a nationwide network of 205 Shell and SFR fuel stations; divestment of Shell's commercial fuels business and aviation fuel activities; a supply agreement with Dansk Shell (i.e. the Shell Refinery in Fredericia) valid until the end of 2016; access to two third party oil terminals and to SFR's oil terminal in Aalborg; a trademark license agreement with Shell allowing the buyer of the divested businesses to use the Shell brand; the transfer of roughly two thirds of Dansk Shell’s B2B customers to the buyer of the divestment businesses (fleet and commercial road transport ("CRT")) the ability for the buyer of the divestment ...[+++] businesses to issue euroShell cards to Danish customers and to accept international euroShell cards at all of its retail sites; the offer of a card acceptance agreement with SFR for acceptance of the euroShell card at 75 SFR sites for an initial period of 12 months which may be prolonged by an additional 12 months upon request of the buyer; and the transfer of all existing employees of Dansk Fuels to the buyer of the divestment businesses in order to ensure business continuity.

The caps in this Regulation are based on the so-called ‘Merchant Indifference Test’ developed in economic literature, which identifies the fee level a merchant would be willing to pay if the merchant were to compare the cost of the customer's use of a payment card with those of non-card (cash) payments (taking into account the fee for service paid to acquiring banks, i.e. the merchant service charge and the interchange fee).

Due to the technical nature of those implementing acts, the examination procedure should be used for the adoption of implementing acts concerning the introduction of European Professional Cards for particular professions, the format of the European Professional Card, the processing of written applications, the translations to be provided by the applicant to support any application for a European Professional Card, details of documents required under Directive 2005/36/EC to present a complete application, procedures for making and processing payments for that Card, rules for how, when and for which documents competent authorities may request certified copies for the profession concerned, the technical specifications and the measures nec ...[+++]essary to ensure integrity, confidentiality and accuracy of information contained in the European Professional Card and in the IMI file, the conditions and the procedures for issuing a European Professional Card, rules concerning the conditions of access to the IMI file, the technical means and the procedures for the verification of the authenticity and validity of a European Professional Card, and the application of the alert mechanism.

My research indicates that businesses pay an interchange rate to credit card issuers of up to 3 per cent of the amount of purchases, and indications are that credit card issuers are raising rates for premium cards and for higher risk customers.