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Europe Daily Bulletin No. 9870

27 March 2009
Contents Publication in full By article 22 / 38
GENERAL NEWS / (eu) eu/direct debits
Commission and ECB still disagree with MIFs to fund post-2012 SEPA Direct Debits

Brussels, 26/03/2009 (Agence Europe) - The European Commission and European Central Bank (ECB) have finally reached agreement. Following an initial joint statement in September 2008 (see EUROPE 9733), on Tuesday 24 March 2009 they repeated their view that the multilateral interchange fee (MIF) should be allowed on a temporary basis (from November 2009 to 31 October 2012) to fund the introduction of national and international direct debit systems (to pay a bill in one country by direct debit...

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