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Europe Daily Bulletin No. 8025

11 August 2001
(eu) eu/competition
Commission authorises certain provisions on Visa International payment card system

Brussels, 10/08/2001 (Agence Europe) - Following an in-depth investigation, the European Commission decided, on Friday, that a certain number of provisions of the Visa International payment card system were compatible with the rules of competition, especially the so-called "no-discrimination" rules (which prohibit merchants from invoicing additional costs to customers who pay with the Visa card or grant discounts to those paying in cash) and those that have been modified on the cross-border...