Brussels, 19/12/2014 (Agence Europe) - Banks doubt that the agreement to cap multilateral interchange fees (MIFs) will be of any direct benefit to consumers.
The European Banking Federation (EBF) questions the impact of the political agreement reached by the Council of the EU and the European Parliament, wondering whether it will really lead to greater use of payment cards and a reduction in prices for consumers (see EUROPE 11221). In a press release, EBF comments: “Although European...