Interchange fees in card payments

Bericht

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECB Occasional Paper ; No. 131

Classification and Topics

• Classification: Wirtschaft ; Index Numbers and Aggregation; Leading indicators ; Price Level; Inflation; Deflation
• Subject: interchange fees ; retail payment systems ; Trade credit and debit cards ; two-sided markets ; Bargeldloser Zahlungsverkehr ; Kreditkarte ; Teilkostenrechnung ; EU-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Börestam, Ann ; Schmiedel, Heiko
• Event: Veröffentlichung
• (who): European Central Bank (ECB)
• (where): Frankfurt a. M.
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/154584
• Last update: 10.03.2025, 11:43 AM CET