PCM Issue Issuing & Acquiring -

VISA HIT BY EC COMPLAINT OVER DAMAGING FEE CHANGES

An independent payments consultancy, CMSPI, has initiated a complaint with the European Commission over changes Visa is making to its fees, claiming the card scheme’s actions could cost SMEs  in Europe more than $2 billion a year. Visa restructured the fees it levies for processing credit and debit card transactions, adding a new per-item charge. This, [...]

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