The European Parliament has announced that it has reached a political agreement with the Council of the EU on the proposed Regulation on multilateral interchange fees for card-based payment transactions (MIF Regulation).

Before the proposed MIF Regulation can be put to a vote by the European Parliament in 2015 it must be endorsed by the Council’s Permanent Representatives Committee and the Parliament’s Committee on Economic and Monetary Affairs.

View MEPs secure deal to cap card payment fees, 17 December 2014