World Economy

Cap on CC Fees

Cap on  CC FeesCap on  CC Fees

The European Parliament has thrown its weight behind a draft bill that intends to cap debit and credit card transaction fees. It should put an end to a drawn-out battle with the world’s major payment groups, DW reported. European lawmakers on Tuesday voted in favor of a proposed cap, hoping to put an end to a battle with payment groups such as Visa Europe and MasterCard.