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Tag: transaction costs

MasterCard temporarily annuls cross-border fees - 13 June 2008 - News

MasterCard is provisionally repealing the cross-border interchange fees it charges on all transactions made in Europe with credit or debit cards in a bid to comply with a Commission deadline of 21 June. But it will continue to look for a fee scheme that complies with EU rules.

Finance ministers give strong backing for SEPA - 10 October 2006 - News

The Council is to decide on the legal framework for setting up an integrated market for payment services in the eurozone by 2010. A study suggests, however, that not all banks are ready for implementation.

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