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European retail organisations have called on authorities to expand the scope of interchange fee controls to tackle other “stupendous” charges imposed by card schemes, as new rules banning merchants from recovering costs from consumers enter into force. The European Commission is set to review the effectiveness of the Interchange Fees Regulation (IFR) over the next [...]

The post Interchange fee rules ‘Not Fit For Purpose’ ahead of EU review appeared first on Payments Cards & Mobile.

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