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Stock impact report

Visa, Mastercard propose merchants' tourist card fee cut to end EU probe [Reuters]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Reuters
Visa, Mastercard propose merchants' tourist card fee cut to end EU probe | Reuters 1 Min Read BRUSSELS (Reuters) - Visa ( V.N ) and Mastercard ( MA.N ) have offered to reduce merchants’ charges for non-EU credit and debit cards by at least 40 percent to end an EU antitrust investigation, the European Commission said on Tuesday. Visa, the world’s largest payments network operator, and No. 2 player Mastercard have proposed a 0.2 percent fee on debit card payments carried out in shops and a 0.3 percent fee on credit card payments, the European Commission said on Tuesday. For online payments, debit card charges would be 1.15 percent and 1.50 percent for credit cards. Reporting by Foo Yun Chee; editing by Philip Blenkinsop All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Visa, Mastercard propose merchants' tourist card fee cut to end EU probe BRUSSELS (Reuters) - Visa ( V.N ) and Mastercard Show less Read more
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