Sunday, June 26, 2005

The new Payments and Settlements News - 20

is out once again at: Payments and Settlements News. It has the news that Italian banks (those that make 500 euro per year on payments by pricing the credit-transfer at 1 or 2 euro) have decided to move their domestic processing to panEuropean solution Step-2.

This is no wonder. If all banks would charge 1 or 2 euro for domestic payments, the European credit-transfer processors would quickly thrive...