Brussels, 03/10/2007 (Agence Europe) - On 3 October, the European Commission fined Visa €10.2 million for serious infringement of the EC Treaty rules and the EEA agreement on restrictive business practices. From March 2000 to September 2006, Visa refused to admit Morgan Stanley as a member of its card payments network.
The Commission launched an investigation following receipt of a complaint from Morgan Stanley, whose subsidiary Morgan Stanley Bank had been refused membership of the Visa...