01 October 2016
Visit www.dh.com

Visa to get EU clearance on fees - Dow-Jones

19 July 2002  |  5053 views  |  0 Visa to get EU clearance on fees - Dow-Jones

Dow-Jones newswires reports that European anti-trust authorites have reached a compromise agreement with Visa International on reducing levels of interchange fees for processing card transactions.

Under the agreement, banks can continue to charge store owners to use Visa cards, but Visa must cut its interchange fees by 20% reports Dow-Jones, citing un-named company lawyers and officials.

The decision, which is set to be announced next week says, will be construed as a victory for Visa which faced the prospect of having to abolish its charging structure.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

MasterCard completes Europay merger

MasterCard completes Europay merger

01 July 2002  |  5733 views  |  0 comments
Visa pushes down chip card costs

Visa pushes down chip card costs

25 June 2002  |  3741 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Find out moreFind out more

Top topics

Most viewed Most shared
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
11285 views comments | 35 tweets | 33 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
8249 views comments | 15 tweets | 31 linkedin
Banks ready for real-world blockchainBanks ready for real-world blockchain
7196 views comments | 22 tweets | 29 linkedin
PayPal and Lenovo team on biometric authentication for laptopsPayPal and Lenovo team on biometric authen...
6841 views comments | 13 tweets | 16 linkedin
hands typing furiouslyCan Blockchain Prevent Money Laundering?
6356 views 0 | 24 tweets | 9 linkedin

Featured job

Find your next job