Brussels, 10/11/2014 (Agence Europe) - The member states reached a political agreement in principle setting the level of the multilateral interchange fees (MIF) for debit and credit card payments, at a meeting of the ambassadors to the EU on Wednesday 5 November.
The Council of the EU wants to limit MIF to 0.2% for cross-border debit card payments. For purely national debit card transactions, the member states must ensure that: - the MIF observes the limit laid down the cross-border...