Swiss Federal Council launches public consultation on bank card fee transparency rules

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Swiss Federal Council has launched a public consultation on new fee transparency rules for bank cards and Twint, which would require payment service providers to separately display three types of fees. Merchants would see the merchant service fee, interchange fee and payment system operator licensing fee before signing and throughout the term of the contract. The consultation will run until 11 February 2027. Swiss Federal Council also said the rules could increase providers’ administrative workload, while their benefits for competition remain unclear.