The French Competition Authority makes commitments from card companies to reduce the interchange fees associated with payments and withdrawals binding (CB Bank Cards Group)

France: The Autorité de la concurrence makes Commitments cutting MIFs on Payment Cards by 20% to 50% binding* On 7 July 2011, the Autorité de la concurrence (the Autorité) made commitments from the Groupement des Cartes Bancaires (the Groupement), which includes over 130 banks, binding whereby the main multilateral interchange fees (MIFs) on payment cards are reduced by 20 to 50%. These fees had not changed in over twenty years. The Autorité had expressed the concern that by jointly setting inter-bank fees, the Groupement would be likely to amount to an anticompetitive agreement between its members, unless the

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European Competition Network Brief, The French Competition Authority makes commitments from card companies to reduce the interchange fees associated with payments and withdrawals binding (CB Bank Cards Group), 7 July 2011, e-Competitions Bulletin Commitment Decisions, Art. N° 40428

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