Brussels, 14/06/2013 (Agence Europe) - On 13 June 2013, the European Commission opened a consultation of interested parties on the commitments offered by Visa Europe to remedy the Commission's concerns about potential restrictions of competition through the levying by Visa of multilateral interchange fees (MIFs) for credit card payments (see EUROPE 10667).
Interchange fees are charged by a cardholder's bank (the “issuing bank”) to a merchant's bank (the “acquiring bank”) for each...