Press Release: Commission welcomes European Parliament vote to cap interchange fees and improve competition for card-based payments

On 10 March 2015 the European Commission welcomed the adoption by the European Parliament of a Regulation capping interchange fees for payments using consumer debit and credit cards and improving competition for all card payments.

The Commission estimated that the rules when implemented could lead to a reduction of about €6 billion annually in hidden fees for consumer cards.

• Primary Source

ESO: Background Information: Capping fees for card-based payments: Council confirms deal with EP http://www.europeansources.info/record/press-release-capping-fees-for-card-based-payments-council-confirms-deal-with-ep/

ESO: Background Information: Judgment in Case C-382/12 P MasterCard Inc. and Others v Commission - Mastercard fees were anti-competitive, court upholds http://www.europeansources.info/record/press-release-judgment-in-case-c-382-12-p-mastercard-inc-and-others-v-commission-mastercard-fees-were-anti-competitive-court-upholds/

ESO: Background Information: Interchange fees for card-based payment transactions http://www.europeansources.info/record/interchange-fees-for-card-based-payment-transactions/

European Parliament: Press Release, 10.03.15: MEPs put an end to opaque card payment fees http://www.europarl.europa.eu/news/en/news-room/content/20150306IPR31705/

BBC News, 10.03.15: European Parliament backs cap on card processing fees http://www.bbc.co.uk/news/world-europe-31812810

Deutsche Welle, 10.03.15: EU lawmakers for cap on credit card fees http://dw.de/p/1Eo4b

EUObserver, 10.03.15: MEPs agree cap on credit card fees https://euobserver.com/tickers/127941

EurActiv, 10.03.15: Parliament agrees to card caps http://www.euractiv.com/sections/euro-finance/parliament-agrees-card-caps-312768

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