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EU Backs Cap

EU Backs CapEU Backs Cap

The European Parliament has backed a deal to cut costs for people who use debit and credit cards to shop, Euronews reported. EU officials want to cap the fees retailers pay to process card transactions as an increasing amount of customers are choosing to use cards rather than cash. If the accord is approved, there will be a 0.2% ceiling on the amount banks can charge.

 

Financialtribune.com