Global Interchange Regulation: Pandora’s Box for Commercial Cards?


Regulation could affect the future of commercial card programs

Mercator Advisory Group examines recent global regulations regarding payment card interchange and fees and their potential impact on commercial cards

Published on: August 20, 2015
Author: Richard Hall
Alternate Point of Contact: Amy Dunckelmann

Since the enactment of the Durbin Amendment in the U.S. with its caps on interchange (multilateral interchange fees) on consumer debit and credit card transactions, a topic of discussion has been the potential expansion of similar limits to commercial cards (also known as corporate or business cards). Recent regulatory activities in markets outside of the United States, particularly in the European Union, have caused many in the commercial card issuing industry to assess what caps would mean for their business.

Mercator Advisory Group’s research note, Global Interchange Regulation: Pandora’s Box for Commercial Cards?, examines the current state of commercial card interchange based on global regulatory activities and learnings from the regulations enacted for consumer credit cards.

“Regulatory activities in the European Union in late 2014 concerning payment cards were interesting to observe with regard to the potential inclusion of commercial cards in broader interchange cap discussions,” comments Richard Hall, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and coauthor of the report. “The U.S. commercial cards issuing market has quietly watched for clues as to whether the subject of capping interchange for commercial cards will reemerge in the coming years since the potential impacts on issuers’ revenues could be significant.”

The research note is 10 pages long and contains 3 exhibits.

Members of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and Global Payments Advisory Service have access to this document as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits.

Highlights of the research note include:

  • The contribution of interchange in commercial card issuers’ revenues 
  • Interchange regulation in the European Union and other global markets 
  • The potential impacts of interchange regulation on commercial cards



Go to Top