Brussels, 07/05/2004 (Agence Europe) - The European Commission has welcomed the announcements by VISA and MasterCard to publish the their multilateral interchange fee rates for European cross border payments ("MIF") on their websites. This is a further step towards increased transparency of the MIF vis-à-vis retailers in their negotiations with merchant banks regarding fees ("discount rates") for transactions paid with VISA and MasterCard branded payment cards. These fees are not directly...