Improved cross-border payment services - Commission staff working document summary of the impact assessment

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Price FREE Publisher European Commission Publication date 21 December 2011 ISBN COM(2010) 775 final

Publication synopsis The deal reached by MEPs and Member State negotiators lays down EU-wide rules which should ensure that payment service providers compete fairly, eliminate hidden national bank charges, and accelerate transfers. This could save up to €123 billion within six years, benefiting clients, banks, and businesses.

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