Press Release: MEPs push for card payment fee caps and online payment safeguards

Under new rules voted by the European Parliament on the 3 April 2014, the fees that banks charge retailers for processing shoppers’ payments would be capped.

On the same day, a separate vote approved measures to make online payments safer, reduce costs and give users more choice.

• Primary Source

ESO: Background information: Economic Affairs Committee backs plan to update online payment rules http://www.europeansources.info/record/economic-affairs-committee-backs-plan-to-update-online-payment-rules/

European Parliament: Press Release, 03.04.14: Bank card charges: “Consumers will save hundreds of millions or even billions of euros” http://www.europarl.europa.eu/news/en/news-room/content/20140402STO41722/

EurActiv, 04.04.14: MEPs cap interbank fees http://www.euractiv.com/sections/euro-finance/meps-cap-interbank-fees-301366

EurActiv, 29.07.14: Consumers are being fleeced by card currency conversion charges http://www.euractiv.com/sections/euro-finance/consumers-are-being-fleeced-card-currency-conversion-charges-303756

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