SEPA and Interchange Fees
Aneace Haddad of Welcome Real-time blogs about a potential unintended consequence of SEPA - that the elimination of national debit card monopolies could lead to a spiraling up of interchange fees as brands compete for issuance by banks. Haddad says "now that banks finally have a choice, it will be irresistible for them to choose the brand that offers the highest interchange. The old European national debit brands have never had to deal with this before."
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