The EU Commission said Wednesday its concerns are sufficiently addressed by Visa's concession to cut inter-bank fees for credit card payments to 0.3 percent of a transaction's value — a reduction of about 40 to 60 percent. The Commission, which acts as the 27-nation bloc's antitrust watchdog, says the company has also offered to reform its rules to facilitate competition across Europe by reducing cross-border fees between banks on credit and debit card payments.
Reported by SeattlePI.com 2 hours ago.
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