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Visa Europe Accused of Antitrust Violations by EU

Visa Europe Ltd. was charged with anticompetitive behavior by European Union regulators over payment-card fees after failing to cut its levies as much as MasterCard Inc. did to settle a similar case last week.The company’s fee guidelines prevent competition among Visa-issuing banks and drive up the costs for stores accepting credit cards, the European Commission said today in a statement.

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