CBPR2 2021 requirements are a big step up for Issuers

Issuers face a significant step-up in the requirements of CBPR2 (EU2019/518) on the 19th April next year. From that date, every cardholder must receive a notification detailing the currency conversion charges applied to cross-currency card transactions.

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David Fitzgerald
EU2019/518 – Getting to Grips with the Legislation

Across Europe, project teams within Banks, Card Issuers and Acquirers have begun preparing for the varying requirements of EU2019/518, the new EU Cross-Border Payments Regulation.

By April 2020, now less than six months away, consumers will be able to “pull” comparative pricing directly from their own card issuing bank websites.

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David Fitzgerald
EU Cross-Border Payments Legislation: Is your payments card business ready?

The amended EU Cross-Border Payment Regulations (924/2009) come into force in April 2020; less than six months away. The amendment creates a common approach for issuers and acquirers to communicate the price of cross-border (FX) transactions to consumers and heralds a new era in pricing transparency on cross-border activity.

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David Fitzgerald
A new era in cross-border transparency

The European Commission has published a new regulation on cross border payments which radically increase transparency on currency conversion costs. In this article, our CCO, Ross Leonard, expands on the implications for Banks and how the neo-banks have a head-start in meeting the new regulatory requirements.

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Cambrist partners with Raiffeisen Bank

Cambrist to pilot advanced FX-based innovation for Raiffeisen Bank International.

Raiffeisen Bank International, with operations in 14 countries across Central & Eastern Europe and CIS, has selected Cambrist to build a proof of concept that will enable the Bank to improve the transparency and cost of overseas transactions via its payment cards. Cambrist’s services will be implemented as part of the Bank’s innovation programme which seeks new FinTech partnerships to offer value-added services to the Bank’s customers. The project will be live in February 2019.

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Cambrist and PerfectCard launch Multi-Currency Optimization Service

Wednesday, 14 June 2017 – Cambrist Ltd, one of Ireland’s newest break-through, Fintech start-up companies, and PerfectCard DAC, Ireland’s first authorised eMoney institution and a leading provider of incentive and gift card solutions, are pleased to announce the launch of Cambrist’s Issuer Multi-currency Optimization (MCO) solution.. You can read the article here....

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