Brussels, 27/03/2008 (Agence Europe) - On Wednesday 26 March, the European Commission announced it had opened formal antitrust proceedings against Visa Europe Limited concerning multilateral interchange fees (MIF) that it pays to traders for crossborder transactions in the European Economic Area (EEA). The proceedings will seek to establish whether these practices constitute infringements of Article 81 of the EC Treaty or Article 53 of the EEA agreement, which prohibit restrictive business...