 Carte di pagamento e tutela della concorrenza. Funzione ed effetti della "commissione interbancaria multilaterale - MIF"Maurizio Trifilidis Mercato Concorrenza Regole, 2004, issue 3, 559-592 Abstract: The use of payment services, which is one of the most important banking products, requires co-operation between banks and therefore it presents a number of peculiarities to be taken into account when assessing the antitrust impact of this kind of co-operation. A relevant aspect related to the trade-off between co-operation and competition involves the definition of a common Multilateral Interchange Fee (MIF) by means of which services provided by banks involved in a card payment transaction are remunerated. The determination of a MIF by the banks corresponds to a self-regulation process within the payment system, which is currently accepted by various competition and regulatory authorities, even if the MIF constitutes a restriction of competition under antitrust rules. The authorities limit the negative impact of the MIF on competition by imposing specific conditions provided for by the law; the most important of these concerns the imposition of an objective and cost-based analysis for determining the interchange fee, which should be subject to periodical revision in light of the growth in the volume of payments. Date: 2004 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:mul:jhpfyn:doi:10.1434/18757:y:2004:i:3:p:559-592 Access Statistics for this article Mercato Concorrenza Regole is currently edited by Giuliano Amato More articles in Mercato Concorrenza Regole from Società editrice il Mulino |
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