Payments News -

EC rules on MasterCard interchange

The mid-December ruling handed down by the European Commission on MasterCard’s MIF (multilateral interchange fee) on intra-EU payments is claimed to bring ‘much-awaited clarity and guidance” to the SEPA payments environment. In reality, it leaves matters more confused than ever. The MIF in question is charged on cross-border payments by Maestro or MasterCard cards and [...]

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