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Europe Daily Bulletin No. 9733

5 September 2008
Contents Publication in full By article 12 / 36
GENERAL NEWS / (eu) eu/financial services
Commission and ECB accept idea of interchange fee to finance SEPA direct debit scheme

Brussels, 04/09/2008 (Agence Europe) - The European Commission and the European Central Bank (ECB) said on Thursday 4 September that they accepted, subject to conditions, the principle of a multilateral interchange fee for crossborder SEPA direct debits in the very initial stage (e.g: direct debits of invoices) in the context of the Single Euro Payments Area (SEPA). Applicable by banks applying an interchange fee on national payments, the multilateral fee should be justified and applicable...

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