TITLE

Regulatory attempts in Hungary

AUTHOR(S)
Kóczán, Gergely; Kovás, Surd; Martinovic, Boris; Takács, Kristóf
PUB. DATE
January 2012
SOURCE
MNB Occasional Papers;2012, Issue 95, p71
SOURCE TYPE
Working Paper
DOC. TYPE
Article
ABSTRACT
The article highlights regulatory attempts made in Hungary in 2009 and 2010 in connection with card payment, specifically the rate of interchange fees and merchant fees, as well as the authorisation or prohibition of surcharging linked to legal harmonisation obligations. Draft regulation aimed at setting an upper limit to merchant fee rates, in addition to the rate of interchange fees. It mentions the provision on payment services by Section 35 (3) of Act LXXXV of 2009.
ACCESSION #
73995157

 

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