Visa Europe Offers to Settle EU’s Card-Fees Case (Update1) – BusinessWeek


By Stephanie Bodoni

April 26 (Bloomberg) — Visa Europe Ltd., operator of the largest payment-card network in the 27-nation European Union, offered to reduce debit card transaction fees paid by retailers in a bid to resolve an EU antitrust case.

The European Commission said it may close its investigation into debit-card charges after Visa Europe promised “to significantly cut” fees to 0.2 percent. A separate probe into fees for credit-card and deferred-debit transactions, where customers must settle their bills at the end of the month, will continue, the Brussels-based agency said.

via Visa Europe Offers to Settle EU’s Card-Fees Case (Update1) – BusinessWeek.

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