![\"plant-growing-through-crack-in-concrete2\"](\"https:\/\/www.rudebaguette.com\/assets\/plant-growing-through-crack-in-concrete2-e1366633741515.jpg\")
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In an announcement made today, the European Commission stated that it will pursue\u00a0suspicions\u00a0of Debit Card suppliers of price-fixing in order to keep prices high. Reported by Challenges<\/a>, the accusations may bear a penalty of up to 10% of the revenue of the suppliers if proven true. This lays just another brick in the wall that has been payments innovation in Europe<\/a>, While online payments have begun to thrive – we just announced Leetchi’s new online payments integration MangoPay<\/a> last week – it seems that the old world banking system still has some catching up to do.<\/p>\n The European Commission is becoming the de facto<\/em> economics controller in Europe, having penalized Microsoft for its IE\/Windows Monopoly, as well as taking the lead on the Google competition dispute. While there is still a chance the European Commission will find these allegations false, or, more likely, that it won’t find enough information to prove them true. it is certainly a sign of the changing climate in Europe, which bodes well for startups who are trying to slip through the cracks left by the seismic plates which are incumbents.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" In an announcement made today, the European Commission stated that it will pursue\u00a0suspicions\u00a0of Debit Card suppliers of price-fixing in order to keep prices high. Reported by Challenges, the accusations may bear a penalty of up to 10% of the revenue of the suppliers if proven true. This lays just another brick in the wall that<\/p>\n","protected":false},"author":77,"featured_media":12702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"subtitle":"","footnotes":""},"categories":[113],"tags":[7627,8573],"class_list":["post-12699","post","type-post","status-publish","format-standard","has-post-thumbnail","category-finance","tag-fintech-en-2","tag-payments-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/12699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/comments?post=12699"}],"version-history":[{"count":0,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/12699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media\/12702"}],"wp:attachment":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media?parent=12699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/categories?post=12699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/tags?post=12699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}