The Spanish Competition Authority declares the end of the ’termination by commitments’ agreement in a case concerning interchange fees for transactions by debit and credit cards (Servired / Sistema 4B / Euro 6000)

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 Authority declares the end of the ’termination by commitments’ agreement in a case concerning interchange fees for transactions by debit and credit cards (Servired / Sistema 4B / Euro 6000), 20 December 2010, e-Competitions Bulletin Commitment Decisions, Art. N° 35736

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