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ARTICLE · 05 AUGUST 2015

The Indefinite Exemption Request For The Joint Interchange Commission Rates Continue …

Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
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The Turkish Competition Authority previously cleared the request of Interbank Card Center (BKM) to set a joint interchange commission rate for both credit cards and bank cards for three years or five years provided that BKM satisfies certain conditions.

TurkeyAntitrust/Competition Law
Sahin Ardiyok
Sahin Ardiyok
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The Turkish Competition Authority previously cleared the request of Interbank Card Center (BKM) to set a joint interchange commission rate for both credit cards and bank cards for three years or five years provided that BKM satisfies certain conditions.

At the expiry of the 5 year period provided for the preceding clearance for bank cards, BKM brought forward another request to set a joint interchange commission rate for bank cards and asked to continue including the logo costs of Visa/Mastercard in the calculation of the commission rates for an indefinite time. The TCA looked into three main factors as part of the request:

1. Evaluation of inclusion of Visa/Mastercard logo to interchange rate calculations

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