A PYMNTS Company

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.