Brussels, 18/12/2014 (Agence Europe) - On Wednesday 17 December, representatives of the Council of the EU and the European Parliament reached agreement in principle on a draft regulation restricting multilateral interchange fees (MIFs) for debit and credit cards.
For cross-border debit card payments, the agreed cap is 0.2% of the transaction value. For domestic transactions, member states can apply the cap of 0.2%to the annual weighted average transaction value of all domestic transactions...