An external study published by the European Commission on Wednesday 11 March shows that the main objectives of the Interchange Fees Regulation (IFR) for card-based payment transactions have been achieved.
The study, commissioned by the Commission from an external contractor, shows that interchange fees for 'consumer cards' have decreased by 35% (around €2.6 billion per year) between 2015 and 2017.
This decrease has resulted in lower charges for retailers as well as benefits to consumers...