ECJ judgment on MasterCard: a great victory for Europe’s consumers and retailers
The European Court of Justice has today upheld the Commission’s 2007 decision on MasterCard’s multilateral interchange fees, wholly rejecting the card scheme’s appeal. Following this ruling, the adoption of proposed regulation for open, transparent and lower card fees for all payment users must be a priority.
We need urgent action on card fees, say Europe’s payment users
The European Payment Users Alliance represents businesses and consumers across Europe. We havea simple message for Europe’s politicians: we need the interchange fee regulation as a matter of urgency. There is no more reason for delay.
Retail is diverse, job-rich, innovative, and increasingly digital
Oxford study highlights the sector’s critical importance for the European economy
A report by the Oxford Saïd Business School shows the magnitude of the retail sector, its diversity, its dynamism and contribution to innovation, growth, and its employment creation in Europe. It also outlines the sector’s ongoing transformation driven by the growth of online trading.
Europe’s Payment Users Call for a Fair, Competitive and Transparent Payment System
The European Payment Users Alliance is a group of European payment users who have come together to call for more transparency and competition in the payments market. We welcome the package of proposed payments legislation announced on 24 July 2013 but we wish to draw attention to the needs of end-users and highlight where the current proposals do not go far enough. Given its potential to bring significant benefit to consumers, this legislation must be treated as an absolute priority. We urge decision-makers to amend the proposals as set out below.
European retailers lead the way towards a sustainable future in a resource-constrained world
The fourth edition of the Retail Forum for Sustainability’s Annual Event which took place today confirmed retailers’ unwavering commitment to living up to their environmental responsibilities. Moreover, it proved that their enthusiasm for finding innovative solutions to meet their ambitious targets has not been dampened by the tough economic climate.
Launch of The Supply Chain Initiative: Together for good trading practices
Today during a special event held in Brussels, seven EU associations launched ‘The Supply Chain Initiative’ with the aim of ensuring fairness in commercial relations along the food supply chain.
Payments package: Commission proposal on interchange will allow retailers to pass savings on to consumers
The Commission’s payments package is a major step in the right direction, but the removal of the MIF system or much lower caps would bring higher savings to retailers and consumers.
Merchants applaud further Commission action on card fees
EuroCommerce and the European Retail Round Table (ERRT) are delighted to give their unequivocal support to the further antitrust action taken today by the European Commission against MasterCard’s inter-bank fees.
More retailers sign up to agreement in bid to help tackle waste
The European retail sector is pleased to welcome four new signatories to its waste agreement which was first presented on 9 October 2012. The supermarket chains Carrefour, Hofer, Jerónimo Martins and Vomar have recently joined other retailers in their fight against waste, thus demonstrating commerce’s commitment towards a sustainable economy.
Retail welcomes Commission’s preference for a voluntary approach on B2B trading practices
Yesterday, at the meeting of the High-Level Forum on a better functioning food supply chain, 8 EU-level organisations representing commerce and industry announced the agreement on a framework for the implementation and enforcement of the principles of good practice in the food supply chain (still to be reviewed and validated by their members). The European Commission has expressed a preference for a voluntary approach over legislation. This approach should deliver rapidly.