European Commission Drops Investigation Into ePayments Market

What's Next In Payments®
5:16 PM EDT February 24th, 2013

The European Commission is to drop a 16-month probe into a group of banks, the EU’s Competition Commissioner Joaquin Almunia announced on Friday. The EC opened the investigation after the group of banks decided to launch a standardization process for ePayments. The group’s decision to abandon the launch prompted the Commission to drop the probe.

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