Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Visa Inc    V   US92826C8394

VISA INC (V)

225
Delayed Quote. Delayed Nyse - 04/17 04:01:40 pm
64.52 USD   -1.72%
04/16 VISA : hits the road
04/15 Target announces $19 million data breach settlement with MasterCa..
04/15DJTarget Reaches $19 Million Settlement with MasterCard
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

MasterCard says to appeal EU court fees ruling

05/24/2012 | 10:02am US/Eastern

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.
React to this article
Latest news on VISA INC
04/16 VISA : hits the road
04/15 Target announces $19 million data breach settlement with MasterCard
04/15DJTarget Reaches $19 Million Settlement with MasterCard
04/15DJTarget Reaches $19 Million Settlement with MasterCard Over Breach
04/14DJSkilled-Worker Visa Applications by U.S. Companies Reach High
04/14 Target nears $20 million MasterCard data breach settlement - WSJ
04/14DJTarget Nears Settlement With MasterCard Over Data Breach -- Update
04/14 VISA : Change in Directors or Principal Officers (form 8-K)
04/14 VISA : UBA Cameroon Wins "Prepaid Innovative Product of the Year" Award for its ..
04/14 VISA : hits the road
Advertisement
Chart
Duration : Period :
Visa Inc Technical Analysis Chart | V | US92826C8394 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF