The EU Commission invites interested parties to comment on the commitments offered by two credit card companies to address competition concerns relating to inter-regional interchange fees for card payment transactions (Mastercard II / Visa)

Antitrust: Commission seeks feedback on commitments offered by Visa and Mastercard on inter-regional interchange fees* The European Commission is inviting comments from interested parties on commitments offered separately by Visa and Mastercard to address competition concerns relating to inter- regional interchange fees for payment card transactions. When a consumer uses a debit or credit card in a shop or online, the bank of the retailer (the 'acquiring bank') pays a fee called a 'multilateral interchange fee' ('MIF') to the cardholder's bank (the 'issuing bank'). The acquiring bank passes this fee on to the retailer who includes it, like any other cost, in the final prices to all consumers, even to those who do not use cards. Inter-regional interchange fees (also referred to as

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European Commission, The EU Commission invites interested parties to comment on the commitments offered by two credit card companies to address competition concerns relating to inter-regional interchange fees for card payment transactions (Mastercard II / Visa), 5 December 2018, e-Competitions Bulletin Commitment Decisions, Art. N° 88980

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