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Michael Katz, Apr 03, 2008
On December 2007, the European Commission issued its decision with respect to MasterCard’s policy of setting default values for Intra-EEA and Single Euro Payments Area (SEPA) interchange fees, which apply in the absence of bilateral agreements between issuers and acquirers. The fundamental logic of the European Commission’s approach was the following: MasterCard’s setting of default int
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