Measure not stop using credit cards
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The head of the Department of Banking of the Central Bank, José Antonio Marciano, said today that any action to be taken by government to the sector of credit cards will allow the market to continue operating normally without any interruption.
"Nobody will take measures that will stop using the cards. Any measure will preserve the normal functioning of industry," said public hearing of the Committee for Economic Development of the House of Representatives.
Currently BC, the Secretariat of Economic Law (SDE) and the Secretariat for Economic Monitoring (SEAE) are concluding report will be submitted to ministers for the government to adopt measures to regulate some parts of the sector.
Marciano rejected the assessment that this work would aim to disrupt the activity of enterprises. "Nobody is saying that we are opposed to the sale of credit cards. We want to reinforce the importance of the use of cards," he said.
Prices
Marciano came back to defend differential pricing for purchases made with credit cards and cash. Despite suggesting a change in the current rule that prevents the adoption of tiered pricing, the monetary authority's representative noted that even allowed, the overpricing is not used much in other countries.
"In most countries observed by our research, the price differential is permitted but is not used in most cases because it is expensive," said the representative of the monetary authority.
He said retailers only make this option when there is a big difference between the cost of the means of payment and the benefit of receiving the plastic money.
"Today, the retailer can not negotiate the cost of receiving credit card. Because there is no negotiation, the cost is passed on to prices and all consumers pay. So who pays money to subsidize those who pay with cards," he said Marciano in defending the differential charging.
Source: State Agency
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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