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Antitrust – Checks with lower costs and rapidly

Decreases the cost of interbank checks and reduces, for the score, time to collect the sums paid. Are the effects of the measure by which the Antitrust Authority has agreed, making binding commitments presented by ABI and PattiChiari in the investigation initiated on 10 September 2008 for possible agreements that restrict competition. Instruction initiated by the Authority, says a note, were challenged Abi setting collective level associations, the maximum value in interchange fees for the provision of services to check and Mav (pay by a notice made through bulletin ), and PattiChiari development at the consortium level, a ceiling for days of availability and economic irrevocability of the sums paid by check.

The commitments offered by Abi, provide for the elimination of fees for checks truncated (0.06 euros) and cashier's checks truncated (0.02 euros), the reduction, from 3.62 to 3.24 euros, the Committee unpaid checks returned to room, new surveys to be undertaken by June 2009 and followed every two years, the values of the committees remained in force (unpaid checks truncated and management requests, unpaid checks returned to room communication MAV paid). According to Antitrust, said the statement, the two committees are removed are those that ensure greater flow of revenue and, therefore, are those that could most affect the usage price check for the final score. The maintenance of the three committees (unpaid checks truncated and management requests, Mav communications paid, unpaid checks returned to room) is instead justified by reasons of economic efficiency.

The commitments offered by PattiChiari requiring instead the reduction of the maximum time of economic availability of the funds paid by check from 7 to 6 working days after the trade date, with effect from 1 March 2009, to get to 5 working days from ' October 1, 2009. The time savings will affect the bank consortium that adhere to the "Times of availability of certain amounts paid by check"; commitments necessary to give full information to customers through search engines, the time of collection charged by individual member banks to initiative PattiChiari, connected to all types of current accounts. According to him, the statement concludes, the commitments submitted by PattiChiari promote greater efficiency that will benefit consumers, who may dispose of the sums credited to a much shorter time frame at present. Addition, each bank remains independent in defining the best possible condition, in p articular regarding checks drawn on itself.

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