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EU: Commission wants rivals to weigh in on leveling Visa, MasterCard interchange fees

By  |  June 13, 2013

The European Commission is seeking comment from Visa Europe competitors as well as its customers on its proposal to set interchange fees at a capped level equal to those of MasterCard’s. The cap is part of an effort to end an antitrust investigation into Visa initiated last year over those fees, which the Commission claims harm competition; in response, Visa offered to cut the fees, charged at the register for every transaction, by 40 to 60 percent, valuing the fees at .3 percent of each transaction. Those fee slashes would put them on-par with MasterCard. The Commission is now seeking comments on the proposals.

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    Full Content: Reuters

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