Visa Europe News
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Visa Europe Ltd. plans to “significantly” reduce the fees it sets for processing cross- border credit-card payments in a bid to allay European Union competition concerns, the bloc’s antitrust watchdog said.
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Anti-secrecy website WikiLeaks can again accept credit card donations today after Valitor hf, the Icelandic partner of MasterCard Inc. and Visa Europe Ltd., began processing payments after losing a court case.
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Visa Inc., the world’s biggest payment network, would benefit from buying Visa Europe Ltd. because creating a single global business would outweigh regulatory risk, JPMorgan Chase & Co. said.
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Visa Europe Ltd. challenged the European Union’s refusal to allow it to change a 2010 cap on debit-card transaction fees paid by retailers.
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MasterCard Inc. faces a European Union antitrust probe into bank fees on foreign card payments such as when tourists go shopping in the 27-nation bloc.
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Visa Europe Ltd., operator of the largest payment-card network in the 27-nation European Union , will reduce debit-card transaction fees paid by retailers as part of a deal to end EU antitrust action.
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Visa Europe Ltd., operator of the European Union’s largest payment-card network, was sent an antitrust complaint from EU regulators over the fees it charges to process cross-border credit-card payments.
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Visa Europe Ltd. should match MasterCard Inc.’s lower fees for credit cards to settle a European Union antitrust investigation, the EU’s antitrust chief said.
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Visa Europe Ltd., operator of the largest payment-card network in the 27-nation European Union, offered to reduce debit card transaction fees paid by retailers in a bid to resolve an EU antitrust case.
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HSBC Holdings Plc, Europe’s biggest bank, said its Mexican unit paid a $27.5 million fine to the nation’s regulators for non-compliance with money-laundering systems and controls.
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