Europe’s competition watchdog has sent charges regarding non-Europeans’ debit cards in its ongoing investigation of Visa’s multilateral interchange fees. These are the fees merchants have Europe’s competition regulator has sent charges regarding non-Europeans’ debit cards in its ongoing investigation of Visa’s multilateral interchange fees..
In 2005, the European Commission ended another investigation into the company’s fee structure when Visa Europe agreed to cap the transaction fees it charged.
The Commission said it was now looking at so-called inter-regional interchange fees, those charged to merchants when accepting Visa cards issued outside the European Economic Area, for example when tourists make purchases in the EU.
“Inter-regional fees represent an important part of the total fees within the Visa scheme,” the Commission said according to Reuters.
The Commission, which has the power to fine Visa up to 10% of its global turnover if it is found breaching the bloc’s antitrust rules, said it was waiting for the company’s response before deciding on further action.
After Visa is given access to the Commission’s file on the issue, it has two months to reply.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Supreme Court Rejects Uber and Lyft’s Appeal in California Gig Worker Suits
Oct 7, 2024 by
CPI
Supreme Court Sidesteps 5-Hour Energy Pricing Case, Allowing Antitrust Claims to Proceed
Oct 7, 2024 by
CPI
Tempur Sealy and Mattress Firm Argue FTC Proceedings Are Unconstitutional in New Suit
Oct 7, 2024 by
CPI
Korean Telecom Giants Face Potential $4.1 Billion Fine Over Price-Fixing Allegations
Oct 7, 2024 by
CPI
Mexico’s Antitrust Authority Targets Gruma for Market Control
Oct 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh