The Spanish Competition Commission closes monitoring of termination by commitments agreement in interchange fees for transactions by debit and credit cards case (SERVIRED, SISTEMA 4B and EURO 6000)

* Article published in ECN Brief 01/2011. The original title of this article appears below the e-Competitions title. Please note that the ECN is not the actual "author" of this case summary, but the mere source. As mentioned by the ECN : "The information provided by the ECN Brief is for information purposes only and does not constitute professional or legal advice. Its content is not binding and does not reflect the official position of any Authority. Neither any Authority nor any person acting on its behalf is responsible for the use which might be made of information contained in this publication". As an author, you are welcome to write a full summary of this case, provided you have no link with a party or third party. Your case summary will need e-Competitions Board approval before publication.

Spain: The National Competition Commission (CNC) closes Monitoring of Termination by Commitments Agreement (TCA) in Interchange Fees for Transactions by Debit and Credit Cards Case* On 20 December 2010, the CNC Council declared the monitoring of the Termination by Commitments Agreement (TCA) which had been concluded with SERVIRED, SISTEMA 4B and EURO 6000 closed to the extent that it expired on 31 December 2010. The parties are from then on free to determine the interchange fees applicable to transactions using debit and credit cards to be applied from 1 January 2011, provided that they do so with complete respect for the provisions of Act 15/2007, in particular Article 1, and Article 101 TFEU. On 25 April 2005, the former Competition Service

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European Competition Network Brief, The Spanish Competition Commission closes monitoring of termination by commitments agreement in interchange fees for transactions by debit and credit cards case (SERVIRED, SISTEMA 4B and EURO 6000), 20 December 2010, e-Competitions Bulletin Financial services, Art. N° 35736

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