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EU investigates Visa and Mastercard fee models for potential negative impact on retailers.
According to documents cited by Reuters on November 7, the European Union is investigating the fee charging practices of Visa and Mastercard systems to determine if they have a negative impact on retailers. The EU has sent questionnaires to local retailers and payment system operators to gather opinions on the practices of Visa and Mastercard. Issuing questionnaires is a common initial step by EU authorities in launching antitrust investigations. EuroCommerce, a industry association representing European retailers, criticized the two companies for their unfair system fees and lack of transparency. A spokesperson for Visa responded to the EU's inquiry.
Sector Update: Financial Stocks Higher Late Afternoon
Sector Update: Financial
Visa and Mastercard (MA) Are Being Investigated by EU for Scheme Fees
Update: Market Chatter: Visa, MasterCard Fees Under Probe by EU Regulators
Visa, Mastercard Fees at the Center of EU Antitrust Probe - Report
Street Color: Visa, Mastercard Face EU Investigation Over Retailer Impact of Charged Fees, Reuters Reports
Visa, MasterCard Fees Under Probe by EU Regulators, Reuters Reports
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Exclusive-EU Regulators Investigate If Visa, Mastercard Fees Harm Retailers, Document Shows
Express News | EU documents show that the EU antitrust regulatory institutions are investigating whether the fees of Visa (V.N) and Mastercard (MA.N) have a negative impact on retailers.
Express News | EU Wants to Establish if Such Negotiations Are Conditioned by Acceptance of Specific Products From Visa, Mastercard
Express News | EU Regulators Asked Retailers if They Are Able to Negotiate Fees With Visa, Mastercard