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Questions over Visa, Mastercard detail EU push to untangle web of card fees

By Lewis Crofts ( November 12, 2024, 13:44 GMT | Insight) -- Scrutiny for Mastercard and Visa from the European Commission over shifting card charges for merchants and acquirers includes regulators asking market players whether intervention is needed over “continuous” fee changes, a lack of transparency or difficulties in negotiation. After years of low-key oversight of the payments sector, steering clear of antitrust investigation and letting the interchange fee regulation do its job, the intense engagement heralded by the new round of questions hints that things might be about to change.Scrutiny for Mastercard and Visa from the European Commission over shifting card charges for merchants and acquirers includes regulators asking market players whether intervention is needed over “continuous” fee changes, a lack of transparency or difficulties in negotiation....

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