Consumers - Related Opinions

Secure, efficient, competitive and innovative electronic payments are crucial for the Internal Market in all products and services, and this has an increasing impact as the world moves beyond bricks-and-mortar trade towards e-commerce. The two Commission proposals on card-based payment transactions will introduce maximum levels of interchange fees for transactions based on consumer debit and credit cards. The EESC wants to lower the caps for both credit and debit electronic payments, and include at the same level commercial cards. The proposal strengthens consumer rights concerning international money transfers and will also promote the emergence of new players and the development of innovative mobile and internet payment systems.