NEWS
2010 07 01
New Swedish law prohibits surcharging
The new law regarding payment services will enter into force in Sweden on 1 August 2010. The new legislation will prohibit merchants from charging consumers extra for card payments, i.e. surcharging, when selling goods or services to Swedish consumers. The law is applicable to all merchants, Swedish and foreign, who conduct sales on the Swedish market regardless of sale channels.For more information about the new legislation please visit the Swedish Bankers' Association website.
2010 05 24
Important information regarding new agreement terms, conditions and regulations for acquiring card transactions
- Go to the new agreement terms, conditions and regulations- Please read here for a reference to the update
2010 03 25
Important information regarding 3D Secure and cards issued by Swedbank
Beginning on the 8th of April, it will be mandatory for all cards issued by Swedbank to be enrolled for Verified by Visa and MasterCard SecureCode for e-commerce transactions. This means that all e-commerce transactions carried out by cards that are not enrolled for 3D Secure, will be rejected after the 8th of April.Since Swedbank is the leading card issuer on the Swedish market, you may experience a higher level of rejected transactions for a period of time starting on April 8th. Please observe that this requirement only affects those of Swedbanks cardholders whom have not yet registered for 3D Secure.
In case you receive questions from your customers, please refer them to their card issuer. For more information regarding Swedbank's requirement please visit www.swedbank.se
2010 01 01