European Parliament vote on payment card fees is good news for competition and transparency on the card market
26.02.2014
by Theodore Koumelis, TravelDailyNews
HOTREC, the business association representing the European hospitality industry, welcomes the vote of the ECON Committee of the European Parliament on interchange fees for payment cards as a decisive move in favour of competition and transparency in the card market.
“The report voted in Committee clearly shows the right way forward at EU level: lower interchange fees and more transparency will benefit both hospitality businesses and consumers through increased competition on the card market” commented Mr. Kent Nystrom, President of HOTREC.
