Treasury consultation on credit and debit card fees

HM Treasury have instigated a consultation about regulations to cap fees charged by banks to their business customers for processing credit and debit card payments.  Starting December 9th 2015, an EU-wide cap on the charges a business pays to their bank when a client makes a debit or credit card payment will be introduced under the Interchange Fee Regulation.  The consultation is looking for views about how the Regulation will be introduced and managed.  The consultation closes on 29th August 2015.

For further information about the Interchange Fee Regulation, go to:

https://www.gov.uk/government/news/credit-and-debit-card-fees-to-be-capped

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