Visa Europe charged over breach of fee rules

Article reports that Visa Europe was formally charged on the 6 April 2009 with breaching European competition rules over the fees it charges on crossborder card transactions, as the card company and Brussels clashed on the appropriate level of fees on credit purchases.

European Commission: MEMO/09/151: Antitrust: Commission sends Statement of Objections to Visa http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/151&format=PDF&aged=0&language=EN&guiLanguage=en

ESO: Background information: Visa Europe nears agreement http://www.europeansources.info/record/visa-europe-nears-agreement/

Website: Visa Europe http://www.visaeurope.com/

EurActiv, 7.4.09: Visa told to reduce transaction fees http://www.euractiv.com/euro-finance/visa-told-reduce-transaction-fee-news-221626

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