Visa Inc. - European Commission issued the results of a two-year inquiry into the retail banking sector

Time: Jan, 2007

Place: Europe

Details: In January 2007, the European Commission issued the results of a two-year inquiry into the retail banking sector. The report focuses on payment cards and interchange fees. Upon publishing the report, Commissioner Neelie Kroes said the "present level of interchange fees in many of the schemes we have examined does not seem justified." The report called for further study of the issue.

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