Economic Affairs Committee backs plan to update online payment rules

The economic and monetary affairs committee of the European Parliament voted on the 20 February 2014 in favour of caps to the fees charged by payment cards companies and banks on shoppers’ purchases, paving the way for the entry into force of the new legislation.

• Primary Source

EurActiv, 20.02.14: Parliament backs caps on payment card fees http://www.euractiv.com/euro-finance/parliament-backs-caps-payment-ca-news-533660

EUObserver, 21.02.14: MEPs back cap on credit card fees http://euobserver.com/news/123223

ESO: Background information: New payment services lack security standards, officials warn / EU Commission delays Single Euro Payments Area by 6 months http://www.europeansources.info/record/new-payment-services-lack-security-standards-officials-warn-eu-commission-delays-single-euro-payments-area-by-6-months/

ESO: Background information: EU Court advises to rule against payment cards fees http://www.europeansources.info/record/eu-court-advises-to-rule-against-payment-cards-fees/

EurActiv, 17.03.14: Negotiations have begun for a cap on interbank card payment fees http://www.euractiv.com/euro-finance/negotiations-cap-interbank-fees-news-534151

EurActiv, 28.03.14: Parliament gears up for payment card fee vote http://www.euractiv.com/sections/euro-finance/parliament-gears-payment-card-fee-vote-301215

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