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Interchange fees to process debit and credit card transactions are to be capped under an EU law in a bid to wrap-up the long-standing battle with payment groups including Visa and MasterCard. Negotiators for EU member states and the European Parliament agreed draft terms to introduce maximum fees to handle card transactions, scaling back a [...]

The post Contactless_cards_used_for_rapid_payment appeared first on Payments Cards & Mobile.

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