Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Visa Inc    V

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

MasterCard says to appeal EU court fees ruling

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/24/2012 | 04:02pm CET

MasterCard said it plans to appeal against a decision by Europe's second-highest court to dismiss its legal challenge to an EU ban on its cross-border credit card fees.

The Luxembourg-based General Court upheld a 2007 decision by the European Commission that MasterCard's cross-border multilateral interchange fee (MIF) levied on retailers' credit and debit card transactions breached EU antitrust rules and had to be changed.

"It is our intention to appeal as soon as we've analysed the more than 60-page judgment," MasterCard President Javier Perez said in a statement on Thursday. "We will likely continue to discuss with the Commission what would be the best way forward."

For the time being, MasterCard will continue to apply reduced cross-border fees imposed since 2009 in a bid to avoid penalty payments for not complying with the 2007 decision, Perez said.

(Reporting by Foo Yun Chee, writing by Charlie Dunmore; editing by Rex Merrifield)

Stocks treated in this article : Mastercard Inc, Visa Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VISA INC
12/02 VISA INC (NYSE : V) Buys CardinalCommerce To Enhance Transactions Security
12/01DJVISA : Card Companies Give Gas Stations Three Extra Years to Install Chip Techno..
12/01 VISA : and AFCPE® Announce New, Free Financial Counseling Program for Veterans
12/01 VISA : to Acquire CardinalCommerce to Secure and Accelerate Digital Commerce
12/01DJVISA : Gives Gas Stations Three Extra Years to Install Chip-Card Equipment
12/01 VISA : Checkout and Papa John’s Team Up to Bring Fans Free Pizza
11/22 VISA INC (NYSE : V) Warns That New Password Laws in Europe Could Disrupt E-Comme..
11/22 VISA : Modifies Policies on Debit Routing
11/21 VISA : Daniel Devine & Co Decides to Keep It Stake in Visa Inc. (V) to the Level..
11/21 VISA : Ashburton Jersey Ltd Reached $13,117,000 Position of Visa Inc.
More news
Sector news : Business Support Services - NEC
12/03 WESTERN UNION : Money transfer firm WorldRemit eyes new markets, growth
12/02 Trump creates business advisory council stacked with CEOs
12/01DJVISA : Card Companies Give Gas Stations Three Extra Years to Install Chip Techno..
12/01DJCARLYLE LP : to Sell Remaining Stake in Booz Allen
11/29DJMASTERCARD : Mozido Founder Pleads Guilty to Making Illegal Campaign Contributio..
More sector news : Business Support Services - NEC
News from SeekingAlpha
02:31a VISA : Cash Is King
12/03 VISA : Technicians Think The Stock Is Rolling Over
12/02 VISA : Will New Debit Rooting Policies Derail Investment Case?
12/01 With 2016 Nearing A Close, Our Dividend Growth Portfolio Is Up Almost 10%
12/01 Visa acquires CardinalCommerce
Advertisement
Financials ($)
Sales 2017 17 725 M
EBIT 2017 11 717 M
Net income 2017 7 759 M
Debt 2017 3 938 M
Yield 2017 0,87%
P/E ratio 2017 23,10
P/E ratio 2018 19,59
EV / Sales 2017 10,2x
EV / Sales 2018 9,23x
Capitalization 177 148 M
More Financials
Chart VISA INC
Duration : Period :
Visa Inc Technical Analysis Chart | V | US92826C8394 | 4-Traders
Full-screen chart
Technical analysis trends VISA INC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 93,5 $
Spread / Average Target 24%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Alfred F. Kelly Chief Executive Officer & Independent Director
Ryan McInerney President
Robert W. Matschullat Chairman
Vasant M. Prabhu Chief Financial Officer & Executive Vice President
Rajat Taneja Executive Vice President-Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
VISA INC-0.30%177 148
ECOLAB INC.2.19%34 080
ALLIANCE DATA SYSTEMS ..-20.92%12 633
CINTAS CORPORATION28.12%12 241
VANTIV INC19.00%10 978
XEROX CORP-11.10%9 631
More Results