payment card scheme

Definitions over time (1)

08/06/2015 – today applies on 12/11/2026 Article 2, Regulation (EU) 2015/751 Scope: Whole act

For the purposes of this Regulation, the following definitions shall apply:

‘payment card scheme’ means a single set of rules, practices, standards and/or implementation guidelines for the execution of card-based payment transactions and which is separated from any infrastructure or payment system that supports its operation, and includes any specific decision-making body, organisation or entity accountable for the functioning of the scheme;