Delay in Mastercard Ruling Threatens SEPA
The final ruling on interchange fees charged by card operator MasterCard has been delayed. According to a Reuters report, the final decision, which was expected for some months now, has been delayed due to an “internal spat” at the European Commission. The ruling may not be made until the end of the year, or perhaps even 2008. There are concerns that the on-going uncertainty may prevent the launch of SEPA in January. The EU internal market commissioner, Charlie McCreevy, is reported to be against the delay in the ruling and has expressed concerns that it could delay the expected SEPA launch in January 2008.