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EU accepts Visa concessions, ends antitrust probe

By Washington Examiner
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BRUSSELS (AP) — The European Union’s antitrust authority is closing an investigation against Visa Europe after accepting the firm’s offer to lower some card fees.

The EU Commission said Wednesday its concerns are sufficiently addressed by Visa’s concession to cut inter-bank fees for credit card payments to 0.3 percent of a transaction’s value — a reduction of about 40 to 60 percent.

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Antitrust European Union Finance