Brussels, 09/06/2016 (Agence Europe) - The second raft of provisions of Regulation 2015/751 setting limits on multilateral interchange fees (MIF) for debit and credit card payments entered into force on Thursday 9 June.
MIFs are fees paid by a retailer's bank to the bank of the holder of the payment card used for the transaction.
The rules in question are as follows: - retailers will be allowed to promote the payment brand (example in Belgium: Bancontact and Maestro) which offers the best...