Visa is in talks with the European Commission to end a probe into the fees charged when foreign cards are used inside the EU, MLex has learned.
The card network appeared at a closed-door hearing in February to contest allegations of anticompetitive conduct, but both sides are now understood to be negotiating a resolution to the investigation.
A spokesman for Visa declined to comment on “ongoing inquiries,” saying: “We continue to engage constructively with all regulators. Visa firmly believes that payment card transactions by international tourists are an important contributor to European economies.”
Visa in talks to settle EU probe of international card fees
21 September 2018 9:32pm