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Europe Daily Bulletin No. 10126

27 April 2010
Contents Publication in full By article 13 / 31
GENERAL NEWS / (eu) eu/competition
Visa Europe pledges to cut inter-bank fees for debit cards

Brussels, 26/04/2010 (Agence Europe) - On Monday 26 April, EU Competition Commissioner Joaquín Almunia welcomed proposed commitments by Visa Europe to significantly cut its multilateral interchange fees (MIFs) for debit card payments (the equivalent of the Belgian BANCONTACT network). The MIF is a bank-to-bank fee collectively fixed by Visa Europe's member banks for card payments that is ultimately paid by consumers. In 2009, the Commission communicated its preliminary view to Visa that its...

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