Jul/090
Interchange Fee, illegal agreements?
The interchange fees are those costs that the bank of the buyer (customer) pays the issuing bank of POS (the merchant) for performing the transaction.
This cost represents between 70% and 90% of the costs to be incurred for the exchange of money between the parties, supported by a trader.
Now the authority is investigating possible antitrust agreements between banks and MasterCard banks MPS, BNL, Banca Sella, Barclays Bank, Deutsche Bank, Intesa Sanpaolo, ICBPI (Italian Central Institute of Popular Banks) and Unicredit.
One possible arrangement could include a higher interchange fee so that the issuing banks more and are encouraged to provide more MasterCard credit cards to collect more money.
A vicious circle that could be the basis of vertical and horizontal agreements. The first attempt to match the costs and not allow the competitive market, while the latter are designed on the appointment of the Italian Commission on the circuit Mastercard.
We will see what decision will be taken.
Jul/090
Soon new funding agreements on anti-wear
In Rome you opened a discussion table to make more profitable fund prevention wear expected in 1996.
Among the participants in this initiative: ABI, business associations and category Confidi, National wear, Foundations and Associations wear.
The key points of negotiation will be:
- Build on shared guidelines for these rules and promote any proposals for legislative changes;
- Intervene on situations of fragility in the territories;
- Monitoring the case studies, highlighting the most problematic events;
- Seeking shared solutions and apply them, including through the cooperation of the Prefecture;
- Promote “ribancarizzazione” protested the subjects under the framework agreement (offer of Basic banking services);
- Compare the information received by the banks or Confidi, consultation and Foundations and Associations wear, putting a common factor for a smooth and problem management devoid of conflict, including the possible elaboration of a model agreement between banks and fund managers subject of prevention;
- Activate the information campaigns on how the funds with the cooperation of all stakeholders concerned;
- Promote appropriate initiatives to raise awareness throughout the country the opportunity to use of funds;
- At least six months to share with quantitative and qualitative information on the progress funds;
- Promote a day nationally and annual basis aimed at awareness on the issue of enforcement and prevention of wear, under the patronage of the highest
State authorities and the ABI.
Along with legislative and executive bodies working to combat a phenomenon that the crisis usually tends to increase and so as to allow those inside to come out this problem and who still has not fallen into this trap not for external obligations.
Source ABI Press
Mar/090
Puglia and combating the crisis, here are the banks most virtuous
With the support of the Regione Puglia combating the crisis becomes easier and banks can more easily provide credit to small and medium enterprises.
The banks that facilitate the transaction will be published in two ways: the media will release those who are committed to provide loans through the ban “Aid to investment programs of Micro and Small Enterprises and individuals can make use of the list” of virtuous ” through the Website of Economic Development www.sistema.puglia.it.
Deputy Mayor for Economic Development Loredana Capone says:
“Today, we reinforce a way of working inspired by transparency. Publishing the data and making them accessible to all, we expect to improve the competitive capacity of banks. The crisis leads us to a struggle in which the actors involved must play by all players. The Region has done its part by publishing notices to 11 Euros 508milioni 770mila in a few months, companies are planning investments on their part with great vivacity. Banks a great responsibility not to close the taps of the credit. So we felt the need to transfer to citizens and businesses to exactly know how they work in the institutions with regional funds. Sometimes the reputation of financial operators tends to overshadow the results. We would rather that those who work hardest to emerge because the competition is not in words. If a bank is missing or not very active in our directory, you understand that hardly agree to help finance an investment with regional contributions. Today the situation is one that we are talking, but the site is dynamic then update, hopefully with the involvement of children absent.
“Over the last 15 days – added Loredana Capone – I have spent much time listening to unions and professional associations in each sector. All the social state in small banks gives business’s greatest crisis of our economy. I made a commitment to do everything in my power to help to untie this knot. Transparency and competition are key intervention today. I gave the Councilor sent technicians to check what is possible to predict improvement of temporary schemes “.
Here’s how to reach the elend banks and their work:
Access to data from the portal
now possible to monitor in real time the Bank’s work (for the granting of loans) and trusted (for security), is open to all via the Website of Economic Development www.sistema.puglia.it.
The route is simple: you must first register on the site and then open the news in the foreground, notice the section on “Aid for investment programs of Micro and Small Enterprises” (which is also called the portal “aid scheme — Title II “). From there, the link “Item in progress” leads to two pages: “The work of Banks” and “The work of Confidi.” So you can see in real time the position of the practices of grant, respectively, of the loans and guarantees. On the left are listed banks or Confidi, the center the number of practices, right to total investments. The page is dynamic then allows a continuous updating of the situation. At the same news also accessed through the “Active Calls”.
How does the following notice:
The notice
the notice “Title II” handles about 400 million investment fielding 100 million of public funds. This is an interest subsidy, which the Region pays a sum that corresponds to the interests that the Company shall pay to the bank to obtain a mortgage. With the difference contribution comes to companies in a single advance. So not only are slaughtered interests, but the support in a single solution works as a grant in the capital account. Have access to the companies concerned to submit their applications directly to the bank instructing the practice and forwards it to the Region. If the bank grants the loan, the Region provides the company with interest. Applications for relief must relate to investment projects initial minimum amount equal to 30 thousand Euros for the creation of a new production unit, expansion or modernization of existing production unit, diversification of production, and a change in the production process. The notice is to stop, so it is open (from 23 April) until exhaustion of resources.
The initiative of the Puglia region is truly commendable. Not only ensures greater competition between banks, but allows all citizens to understand how we are doing the operations, secure the feed-back.
At the same time it facilitates the small and medium enterprises with the necessary funding to operate in a time of crisis.
I hope that the initiative will expand to all the Italian regions and ports soon its benefits.