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Visa, Mastercard’s extended undertakings deemed ‘appropriate’ by EU antitrust enforcer

( July 5, 2024, 10:29 GMT | Official Statement) -- MLex Summary: The European Commission said it “takes note of the voluntary continuation by Visa and Mastercard of the caps for inter-regional interchange fees beyond November 2024.” It described the fee caps as “appropriate” but said it would open a fresh antitrust probe if it saw evidence indicating the fees ought to be lower still. Visa and Mastercard published their undertakings.The statement from the commission follows. The undertakings by Visa and Mastercard are attached. ...

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