Subscribe
|
|
|
|
|
|
|
News

Mastercard, Visa to cut credit card processing fees in France

Tuesday 24 September 2013 00:57 CET | News

The French Competition Authority has unveiled the agreement with Visa and Mastercard in the wake of proposed legislation from the European Commission that banks and payment firms limit the fees they charge on card payments.

As a result, Mastercard and Visa are set to cut interbank fees to around 0.28 percent of the transaction value from about 0.5 percent currently, and will also reduce cash-machine fees to EUR 0.55 (USD 0.74) per withdrawal from 0.75 and 0.60 respectively.

In recent news, Jordan-based financial institution Housing Bank for Trade and Finance (HBTF) has entered an agreement with MasterCard to launch four of the latter’s cards programs in Jordan.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: MasterCard, Visa, credit card processing fees, France
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce

::: more





Industry Events

Free Headlines ::: subscribe now
RSS ::: follow ThePaypers via RSS ::: connect
LinkedIn ::: connect with ThePaypers on LinkedIn ::: connect
Twitter ::: follow ThePaypers on Twitter ::: follow
Facebook ::: like ThePaypers on Facebook ::: like