Brussels, 17/07/2013 (Agence Europe) - The European Commission is considering setting upper limits on multilateral interchange fees (MIFs) for payments using plastic.
These charges are paid by a trader's bank to the bank of the holder of the card used for the payment. The Commission has been keeping an eye on these fees for years now, charged by Mastercard and Visa for use of their inter-bank payment systems.
Initially for cross-border transactions, but then after a two-year transition...