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MasterCard vs Visa

December 20th, 2007 Leave a comment Go to comments

BRUSSELS (Reuters) – The European Commission’s order for MasterCard to change the way it sets fees or face fines will act as a guide for its rival Visa Europe, the EU executive said on Wednesday.”We will certainly be active and not wait,” EU Competition Commissioner Neelie Kroes told a news conference.

The European Commission ruled on Wednesday that MasterCard must change the way it sets its fees for processing card transactions within six months or face daily fines.
[reuters.com]

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