Visa Resolves EU Antitrust Probe With Interchange Fee Limits

Law360, New York (February 26, 2014, 3:23 PM EST) -- The European Commission on Wednesday accepted Visa Europe's offer to cut its multilateral interchange fees for credit card payments by 40 to 60 percent to resolve a long-running antitrust probe.

The European Union's antitrust watchdog made legally binding Visa's May offer to cap its interchange fees at 0.3 percent of the value of the transaction for cross-border credit card transactions.

Visa’s new rate for the fees — interbank rates charged to process credit card transactions that get passed on to the merchant in the form of...
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