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EU Says Card Fee Curbs Are Working, Retailers Want More

“Caps on the fees retailers pay to process debit and credit card transactions have helped push down prices, EU antitrust regulators said on Monday, but merchants called for even tighter limits. The Interchange Fee Regulation (IFR), which was triggered by a lengthy battle between retailers and payments groups including Visa and Mastercard, limits debit card fees at 0.2 percent of the transaction value and credit card fees at 0.3% of the transaction value.”