Government is implementing measures to stimulate competition in the industry card
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The government is expected to announce on Wednesday that the eight measures prepared in negotiation with major operators of credit card and Abecs (Brazilian Association of Corporate Credit Cards and Services), to stimulate competition in the industry, now dominated by the duopoly Redecard-Visanet. The information is the report published Tuesday by the newspaper "Valor Econômico".
According to the text, five of these measures will be implemented immediately, through resolutions of the CMN (National Monetary Council). Among them is one that ends with exclusive shops, which means that establishments may operate under the flags of all cards without exclusive agreement with any company.
In addition, a second measure, which will implement the sharing of networks between the companies, will allow retailers to use only one machine to process transactions on all cards.
The other three actions concern the strengthening of debit cards, clearing and settlement of transactions by credit card and exchange rates charged between card credentials and their respective flags.
The three remaining measures will be discussed in Congress, and according to the "value" are: the regulation of the sector, the overpricing on card purchases, and eliminating the requirement - intended to end the presence of Visanet and Redecard in all stages of the production chain.
Source: Folha Online
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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