On Thursday 3 August, the European Commission decided to send Visa Inc. and Visa International a further statement of objections concerning the fees that retailers in the European Economic Area (EEA) must pay to the banks of consumers outside the EEA when these consumers use a Visa card to make purchases.
This additional statement of objections comes as part of the investigation being carried out by the institution since 26 March 2008 (see EUROPE 9630) into the companies concerning...