The
European Commission has sent a supplementary statement of objections to Visa
Inc and Visa International in relation to inter-regional interchange fees.
This
new statement of objections follows one adopted against Visa in 2012.
The
Commission maintains that inter-regional fees – i.e. those charged on payments
made with cards issued outside the EEA for purchases made in the EEA – are an
important part of the fees within the Visa scheme.
This
supplementary Statement of Objections focuses on practices not already covered
by the commitments offered by Visa Europe in 2014, namely the inter-regional
fees applied on transactions with consumer debit cards.
The
Commission is further examining the implications of the fact that in June 2016,
Visa Europe became a subsidiary of Visa Inc. and ceased to exist as a separate
undertaking. It can be expected that
this corporate restructuring may make it simpler for the Commission to take
enforcement action.
Commission
news MEX-17-2341, 3 August 2017
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