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Retailers urged to answer credit charge questionnaireRetailers urged to answer credit charge questionnaire
John Rimmer
10-May-2006
The Travel Retail Fair Payment Alliance is urging European retailers to fill in a questionnaire compiled by the European Commission as it decides how credit card charges should be regulated
The Travel Retail Fair Payment Alliance, the group lobbying for a reduction to the charges imposed on retailers by credit card companies, has urged European retailers to fill in a questionnaire compiled by the European Commission as it consults stakeholders before releasing its report on the issue. The FPA's arguments were recently strengthened by an interim report published by the Commission in which it agreed that levels of Interchange fees—the charges agreed by banks before being imposed on retailers—were unacceptable.FPA coordinator and Kappé International chairman Jacques Parson said: "I have just written to members of the Travel Retail FPA about the Commission's questionnaire and cannot emphasise enough the importance of this phase. The Commission's consultation process is going to play a key role in whether we are going to consolidate our successes so far to win our case. Our cause will be greatly enhanced if we have a significant contribution in depth from our industry and I am pleased to invite colleagues from across the EU to support us at this key stage. I know that between us all we can truly achieve our goal of a fairer framework with the credit card companies and banks for us and our customers."
The Commission's questionnaire is available from the GBat Beckenham website. Click here to access the paper.
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