About: Multilateral Interchange Fees
Parliament agrees to card caps
EU lawmakers agreed to impose caps on card payments in Europe following a vote in Parliament on Tuesday (10 March), applying to cross-border and domestic card-based payments.
Scope and level of card caps remain in dispute
SPECIAL REPORT: EU lawmakers disagree over the level and scope at which card payments in Europe should be capped as the issue goes into trilogue in advance of its adoption anticipated early next year.
ECJ ruling exposes MasterCard to national antitrust probes
MasterCard broke EU antitrust law when setting interchange charges for cross-border card payments, the highest court of the European Union today ruled (11 September).
Commission wrong to deny access to interchange fee research, say EU judges
The European Commission was wrong to deny MasterCard access to research that fed into the draft regulation capping cross-border card payments, EU judges in Luxembourg ruled today (9 September).
EU court rulings add up to crunch week for MasterCard
In one of two court rulings involving MasterCard this week, European judges will decide whether the company broke competition law when setting interchange charges for cross-border card payments.
Consumers are being fleeced by card currency conversion charges
The Commission's proposed regulation on payment services will legitimize dynamic currency conversion (DCC), a practice where consumers are charged a hefty mark-up to pay bills on card in their own currency, writes Eric Grover.
Italian presidency must prioritise card fees legislation, say businesses and consumers
Consumer and business organisations have called on the Italian Presidency of the EU and new European Parliament to make legislation capping payment card fees its “absolute priority.”
More than half of retailers will not pass on capped card fee savings to customers
More than half of high value retailers will not pass on savings from the proposed EU cap on interbank fees on card payments to their customers, and instead invest the money into their business, according to new research.
Parliament gears up for payment card fee vote
The EU proposal for a Payment Service Directive designed to limit interbank fees on all card payments will be voted on during the 3 April plenary sitting. EURACTIV France reports.
Verschueren: The lower the interchange fees, the more merchants will accept card payments
The vote in the economic and monetary committee of the European Parliament on Thursday (20 February) to cap fees charged by payment cards companies is a step in the right direction: If you want to be on the side of merchants, you cannot be anything else than supportive of this regulation, says Christian Verschueren to EURACTIV Czech Republic.
Technical spats set to dog payment cards debate
Key rule changes designed to introduce more competition and update the credit and debit card payments landscape are set to ignite a lengthy dispute over technicalities when they come before committee in the European Parliament next week. VideoPromoted content
EU eyes €6 billion savings from credit, debit card fee caps
The European Commission tabled proposals yesterday (24 July) aimed at reducing the cost of using payment cards for consumers, setting new fee limits at 0.2% and 0.3% of the transaction value for debit cards and credit cards respectively.
EU eyes €6 billion savings from credit, debit card fee caps
The European Commission tabled proposals yesterday (24 July) aimed at reducing the cost of using payment cards for consumers, setting new fee limits at 0.2% and 0.3% of the transaction value for debit cards and credit cards respectively.
Commission to go ahead with cap on card fees
The European Commission will table proposals next week (24 July) aimed at reducing the cost of using payment and credit cards for consumers. The draft regulation, seen by EURACTIV, will set new fee limits at 0.2% and 0.3% of the transaction value for debit cards and credit cards respectively.