US EditionEU urged to take action against high fees imposed by Visa and Mastercard
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EU urged to take action against high fees imposed by Visa and Mastercard
Europe’s largest retailers and online retailers have called on the European Commission to put an end to allegedly high fees charged by Visa and Mastercard, saying the two companies are harming EU competitiveness and distorting competition. Visa and Mastercard dominate the payment card market, and in recent years merchants have complained about the fees they charge, citing their alleged lack of transparency. The two US companies process about two…
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