DCC Forum's Guide to the Cross-Border Payments EU Regulation (2019/518)

The implementation of the Cross-Border Payments EU Regulation (2019/518) marks a key milestone in what has been an in-depth process headed up by the European Commission, to examine the

entire cross-border payments industry – inclusive of providers of DCC and providers of traditional international card payment services – to find solutions that would offer consumers and businesses alike better products, more choice and greater opportunities. The ultimate aim was to bring greater transparency and understanding to cross-border payments among EU countries. 

This Regulation signifies an important step forward for the industry and an opportunity to level the playing field for all parties in the space, working to provide a better service to consumers.

Within this guide, we intend to answer some of the key questions and need-to-knows around the legislation including:

•What has been agreed as part of the Regulation and core changes 

•What this means for cardholders

•An overview of how cardholders will receive the information  

•How it impacts merchants

•How it impacts DCC providers

•How compliance will be managed

•The impact of COVID-19 and Brexit 

This is based on the DCC Forum’s and its members’ interpretation of the EU Regulation and aims to offer a purely illustrative value. It has not been endorsed by the Commission or the national regulators (National Competent Authorities), which remain the exclusive references for the implementation of the Regulation.