Visa Europe, EU Near Deal Over Interchange Fees

By Erin Coe (January 21, 2009, 12:00 AM EST) -- Visa Europe Ltd. is reportedly close to reaching a deal with the European Commission over cross-border interchange fees that could resolve the agency's ongoing antitrust investigation into whether the company engaged in price-fixing.

The credit card company is having a "very constructive dialogue" with the antitrust watchdog and expects an agreement "as soon as possible" this year, Visa Europe CEO Peter Ayliffe told Reuters on Tuesday.

Ayliffe said the company wanted to agree to a business model and level of interchange that could be applied in the same way across Europe, according to Reuters. Visa's interchange fee of 0.7 percent is...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections


Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!