Commission Vice President Joaquín Almunia today welcomed Visa Europe's proposals to significantly cut its inter-bank fees for credit card payments and to reform its rules in order to facilitate cross-border competition. These proposals come following a supplementary statement of objections sent to Visa by the Commission in July 2012.
As Vice President Almunia, in charge of competition policy, stated: "It is excellent news that Visa decided to submit these commitment propos...
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