British Retail Consortium director Tom Ironside comments on interchange fees

London, UK, 2014-1-31 — /EPR Retail News/ — Today, an adviser to Europe’s top court has backed long-term legal efforts to end the excessively high costs retailers pay banks to process card payments. Advocate General Paolo Mengozzi has advised that the court should “dismiss the main appeal” from Mastercard.

Tom Ironside, British Retail Consortium Director of Business and Regulation, said: “Advocate General Paolo Mengozzi has said today that the court should “dismiss the main appeal” from MasterCard. This is a common-sense result and important step towards ending the excessively high payments that retailers are charged to process card payments. At a time when Europe is debating the future of payments, this sends another clear and important indication that the time for reform has come.”

Media Contacts: BRC Press Office 020 7854 8920 Out of hours 07921 605544

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Tom Ironside BRC Director of Business and Regulation

Tom Ironside
BRC Director of Business and Regulation