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Europe Daily Bulletin No. 12516

30 June 2020
Contents Publication in full By article 18 / 29
ECONOMY - FINANCE - BUSINESS / Competition
Regulation capping interchange fees fulfils its objectives, according to Commission
Brussels, 29/06/2020 (Agence Europe)

The main objectives of Regulation (2015/751), which caps multilateral interchange fees (MIFs) for credit and immediate debit card payments, have been achieved, such that legislative reform is not necessary at this stage, says the European Commission in a report it published on Monday 29 June.

MIFs are commissions paid by a merchant’s bank to the bank of the cardholder of the payment card used in a transaction.

On the basis of an external study published in March (see EUROPE B12444A10), the...

Contents

EU RESPONSE TO COVID-19
SECTORAL POLICIES
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
NEWS BRIEFS
Op-Ed