EU regulators charge Visa Europe over credit card fees

On 31 July 2012 DG Competition of the European Commission charged Visa Europe over its cross-border credit card fees. The EU criticised Visa Europe, which is the European licensee of Visa Inc, for harming competition between banks and leading to higher consumer prices.

• Primary Source

European Comission: Press Release: IP/12/871: Antitrust: Commission sends supplementary statement of objections to Visa http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/871&format=PDF&aged=0&language=EN&guiLanguage=en

ESO: Background information: EU wins landmark ruling over credit, payment card fees http://www.europeansources.info/record/eu-wins-landmark-ruling-over-credit-payment-card-fees/

ESO: Background information: Visa Europe charged over breach of fee rules http://www.europeansources.info/record/visa-europe-charged-over-breach-of-fee-rules/

France24, 31.7.12: EU ups anti-trust war against Visa credit-card fees http://www.france24.com/en/20120731-eu-ups-anti-trust-war-against-visa-credit-card-fees

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

---