22 February 2018
Visit www.capgemini.com/worldreports

Visa to get EU clearance on fees - Dow-Jones

19 July 2002  |  8069 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  |  6253 views  |  0 comments
Visa pushes down chip card costs

Visa pushes down chip card costs

25 June 2002  |  6489 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comRegister for the webinarvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10288 views comments | 15 tweets | 13 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8558 views comments | 13 tweets | 12 linkedin
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
8064 views comments | 13 tweets | 6 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7289 views comments | 8 tweets | 12 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
7239 views 3 | 7 tweets | 1 linkedin

Featured job

Find your next job