Visa to defend tourists' card fees at EU antitrust hearing [Reuters]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Reuters
Visa to defend tourists' card fees at EU antitrust hearing | Reuters Reuters Staff 3 Min Read * Visa could face fine up to 10 pct of global turnover * Retailers against interchange fees * EU regulators say charges could jack up consumers’ bills By Foo Yun Chee BRUSSELS, Feb 26 (Reuters) - Visa will on Tuesday try to fend off European Union antitrust charges that it subjects foreign tourists to excessive fees when they use their cards in the EU, people familiar with the matter said. The world’s largest payments network operator will present its case before senior European Commission officials and national competition officials at a two-day closed hearing, six months after charges were filed against the company. An adverse ruling could leave Visa subject to a hefty fine. The EU competition enforcer said in August last year that fees charged to retailers when they accept Visa cards issued outside the EU could raise prices for consumer goods and services. Such fees have long been a sore p
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MA
Earnings
- 1/31/24 - Beat
MA
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- MA's page on the SEC website