Brussels, 31/07/2012 (Agence Europe) - After an initial statement of objections in 2009, the European Commission sent a renewed statement of objections on 31 July 2012 to Visa for violation of the EU's anti-trust rules in its multilateral interchange fees (MIFs) for credit card payments.
The MIFs are set by Visa for transactions with consumer credit cards in the European Economic Area (EEA). MIFs are an important part of the total cost that retailers must pay for accepting Visa's consumer...