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Spanish banking judgement boosts Fair Payment AllianceSpanish banking judgement boosts Fair Payment Alliance
1-Jun-2005
SPAIN. The Fair Payment Alliance (FPA) has won another victory in its campaign against excessive fees for credit card payments following a recent judgement by Spanish competition authorities
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The Tribunal for the Defence of Competition has rejected an application from Spanish banks to set a collective interchange fee, which would have made it difficult for retailers to find
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(24-May-2005) - Spanish travel-retailers will be boosted by competition authorities' decision forbidding banks from setting a collective interchange fee on credit card payments.
(13-Sep-2005) - The Office of Fair Trading has ruled that MasterCard's UK multilateral interchange fee is uncompetitive
(15-Jan-2008) - The European Commission decided that MasterCard’s fee system is illegal under European competition law
(15-Feb-2006) - The International Association of Airport Duty Free Stores is among trade associations to have welcomed a congressional hearing on the multilateral interchange fee
(21-Dec-2007) - Travel-retail Fair Payment Alliance welcomes victory against the high costs agreed by banks and passed on to retailers