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MasterCard, Visa could face deeper fee cuts under EU lawmakers’ proposals

By Lewis Crofts ( January 24, 2014, 09:42 GMT | Insight) -- MasterCard and Visa Europe could face deeper cuts to fees on payment-card transactions under proposals by EU lawmakers amending a draft bill. Commenting on a proposed cap for the charges, several members of the European Parliament said they wanted to see the fees scrapped or forced down with lower limits. Other politicians said banks and the card networks should be given breathing space to adjust to the caps over time.MasterCard and Visa Europe could face deeper cuts to fees on payment-card transactions under proposals by EU lawmakers amending a draft bill....

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