About: payment transactions

Euro & Finance 07-04-2009

Visa told to reduce transaction fees

The European Commission sent a formal statement to Visa on Friday (3 April), announcing its intention to bring an antitrust case against the credit card firm for over-charging its fees.
Euro & Finance 02-07-2008

New deal brings EU mobile phone payments closer

Using a mobile phone to make direct payments could become the norm in Europe following cooperation announced between the GSM Association (GSMA), which brings together the world's major mobile operators, and the European Payment Council (EPC), the body representing the EU banking sector.
Euro & Finance 13-06-2008

MasterCard temporarily annuls cross-border fees

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.
Brexit 29-04-2008

EU: Flights and restaurants risky for payment cards

Purchasing plane tickets online is one of the least secure transactions that can be carried out with a payment card and chances are high that customers will be targeted by fraudsters, according to a report published yesterday (28 April) by the European Commission.
Competition 27-03-2008

Commission investigates Visa’s cross-border card fees

The European Commission has opened a formal inquiry into the fees imposed by Visa on card payments made across EU borders, saying it will seek to determine whether prices have been fixed at an unduly high level.
Euro & Finance 29-01-2008

SEPA: Easier credit transfers but uncertain cost cuts

Since 28 January 2008, every credit transfer carried out in euros is processed in the same way across Europe, with identical procedures and the same timeframe, but at a cost that will remain different from bank to bank "for a certain time".
Euro & Finance 17-05-2006

Expert group to study obstacles to switching bank accounts

The Commission has announced that it will create an expert group on bank customer mobility. Making it easier to change bank accounts cross-border is one of the main objectives of the EU's plans for a Single European Payments Area (SEPA).
Brexit 11-04-2006

Commission to get tough on banking sector?

Competition Commissioner Kroes is expected to release first results of a sector inquiry on retail banking, especially in the area of payment cards.  The aim of the inquiry is to assess whether there is enough competition in these markets to deliver full benefits to consumers. 
Euro & Finance 06-04-2005

Banks to ease ways to pay across Europe

The banking group, the European Payments Council (EPC), has announced plans to introduce two new single payment systems across Europe by January 2008.