Brussels, 25/07/2013 (Agence Europe) - As was to be expected, banks and payment networks are highly critical of the European Commission's desire to reduce excess charges for the use of bank cards, while traders and consumers are delighted with the draft legislation unveiled by the European Commission on Wednesday 24 July (see EUROPE 10895).
The European Banking Federation (EBF) says: “A cap on MIFs is likely to impact negatively card payment services”. For multilateral interchange fees...