05/07/24 (Agence Europe) – On Friday 5 July, the European Commission took note of the decision by Mastercard and Visa to voluntarily continue until November 2029 their April 2019 commitments to reduce multilateral interchange fees (MIFs) by around 40% on payments made in the European Economic Area (EEA) using consumer cards issued outside the EEA (see EUROPE B12244A2). The following ceilings will continue to apply: 0.3% of the transaction value for all physical credit card payments;...