PINcept.com: Visa Europe to Cut Debit-Card Fees

Visa Europe to Cut Debit-Card Fees

European Flag outside the Commission

BY CHARLES FORELLE - WALL STREET JOURNAL

BRUSSELS—Visa Europe agreed Monday to lower some of the fees assessed for debit-card transactions in a bid to end a European Union antitrust probe.

Antitrust investigators from the European Commission have been examining for several years the fees embedded in both Visa's and Mastercard's system. Mastercard settled a similar case last year.

Visa Europe said it would cut the so-called cross-border multilateral interchange fee to a maximum of 0.2% on debit-card purchases. The commission, the EU's executive ...