We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Visa Fined €10.2M For Barring Morgan Stanley

Law360 (October 3, 2007, 12:00 AM EDT) -- A decision to bar investment bank Morgan Stanley from its membership network has cost Visa International €10.2 million, after the European Commission deemed the move anti-competitive and ordered the credit card company to pay a fine.

Regulators levied the fine on Wednesday, finding that “the exclusion of Morgan Stanley from Visa membership restricted competition in the provision of credit card acceptance services to merchants in the United Kingdom.”

“The payment cards industry plays a key role in the creation and functioning of the single market for...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.