The French Competition Authority condemns eleven banks for agreements on the amount of interchange fees received in respect of payments by check

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The Competition Authority has just condemned eleven banks for agreeing for five years on the fixed amount of interbank commissions charged for payments by cheque on the national territory. The consultation took place during meetings of the Inter-Network Commission, which was preparing the transition to the dematerialised system for the exchange of claims arising from payments by cheque. While the switchover to the new system necessarily involved technical coordination between banks, the conclusion of multilateral tariff agreements goes beyond the framework of a pure interoperability

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