Home Press room Press releases The FBF is concerned over the impact of the European Commission's proposed cut in multilateral interchange fees  
 
 
 

Press release  

 

The FBF is concerned over the impact of the European Commission's proposed cut in multilateral interchange fees

The French Banking Federation (FBF) has taken note of the European Commission's proposed rule on multilateral interchange fees (MIF) for credit-card transactions.


It is concerned over the reduction in MIFs, which it believes could pose a threat to innovation and security in card transactions. The business model that the European Commission chooses must allow banks to retain the means for ensuring effective and universal card payments.


At this point, there is no indication that a reduction in multilateral interchange fees will result in lower prices for consumers.


The banking profession will review all the European Commission's proposals in greater detail.


As discussions will soon begin on this draft regulation, the FBF points out the need to maintain an interchange level that allows credit-card payments to expand in Europe.

CONTACT

Colette Cova
email : ccova@fbf.fr
Tel : 01 48 00 50 07

Céline Meslier
email : cmeslier@fbf.fr
Tel : 01 48 00 50 70

Zoé Boissel
email : zboissel@fbf.fr
Tel : 01 48 00 50 08

 
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