Brussels, 20/02/2014 (Agence Europe) - The European Parliament's economic and monetary affairs committee wants multilateral interchange fees (MIFs) paid by a trader's bank to the bank of a credit or debit card holder to be capped.
For credit card transactions, MEPs agreed with the European Commission's suggestion that the bank's fee be capped at 0.3% of the value of the transaction. MEPs backed the Commission's idea of capping debit card transactions, but the committee amended the proposed...