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Interchange Fees in Card Payments (Borestam A., Schmiedel H.)Credit Cards Payment systems
| Abstract |
The present paper explores issues surrounding multilateral interchange fees (MIFs) in payment card markets from various angles. The Eurosystem’s public stance on interchange fees is neutral. However, the Eurosystem takes a keen interest in facilitating a constructive dialogue among the stakeholders involved in this debate. Transparency and clarity with respect to the real costs and benefi ts of different payment instruments are indispensable for a modern and harmonised European retail payments market. Interchange fees (if any) should be set at a reasonable level so as to promote overall economic effi ciency in compliance with competition rules. |
| External link |
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| Libref/ |
Borestam A., Schmiedel H. (2011) "Interchange Fees in Card Payments", ECB Occasional Paper No. 131 |
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