Multilateral Interchange Fees Capping a Good Idea?

Sancho Guibert, Assistant General Counsel, EMEA Cards, Citibank, Spain

Consumers and shoppers in general, are increasingly using credit and debit cards to make payments for goods and services, leveraging the significant technical developments and breakthroughs in the field of payment services and payment instruments. By way of example, one of the most prominent worldwide payment networks –Visa—is involved in 240 million plus transactions on a daily basis.