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The European Commission is proposing a regulation on interchange fees for card-based payment transactions, which will introduce caps on domestic and cross-border interchange fees. These caps are to be set at 0.3%. This is good news for retailers and consumers, as capping fees will reduce retailers' costs and should create lower prices for goods and services.
The Rotterdam District Court has upheld a Dutch Authority for Consumers and Markets (ACM) decision to prohibit a transaction between two rival baking companies due to a high combined market share on the Dutch rusk market. Parties thus should not count on the ACM to take earlier precedents to heart when defining relevant markets.
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