Visa Europe to Cut Debit-Card Fees

European Flag outside the Commission

BY CHARLES FORELLE - WALL STREET JOURNAL

BRUSSELS—Visa Europe agreed Monday to lower some of the fees assessed for debit-card transactions in a bid to end a European Union antitrust probe.

Antitrust investigators from the European Commission have been examining for several years the fees embedded in both Visa's and Mastercard's system. Mastercard settled a similar case last year.

Visa Europe said it would cut the so-called cross-border multilateral interchange fee to a maximum of 0.2% on debit-card purchases. The commission, the EU's executive ...

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Visa Europe to Cut Debit-Card Fees

European Flag outside the Commission

BY CHARLES FORELLE - WALL STREET JOURNAL

BRUSSELS—Visa Europe agreed Monday to lower some of the fees assessed for debit-card transactions in a bid to end a European Union antitrust probe.

Antitrust investigators from the European Commission have been examining for several years the fees embedded in both Visa's and Mastercard's system. Mastercard settled a similar case last year.

Visa Europe said it would cut the so-called cross-border multilateral interchange fee to a maximum of 0.2% on debit-card purchases. The commission, the EU's executive ...

• Email


• Printer Friendly


• Order Reprints

VRL: Industry-Leading Speaker Line-up Confirms Cards & Payments Europe 2010 as Leading European Event

• BBVA, Citi, RBS, Bank of Spain and European Commission confirmed

Cards & Payments Europe 2010

LONDON--(BUSINESS WIRE)--Leading players from the cards and payments industry, including BBVA, Citi, RBS, the Bank of Spain and the European Commission, have been confirmed as speakers at VRL’s Cards & Payments Europe 2010 summit, to be held in Madrid. Industry experts from around the world will meet at the event, which takes place on 18 and 19 May 2010, to share best practice and market-leading business insight. Event participants will see a range of presentations with thought provoking content and a unique insight into the pressures, opportunities and market issues affecting this industry.

VRL’s group editor for cards and payments, Will Cain, said: “The cards and payments landscape is emerging from its most difficult period in decades, but opportunities are now emerging for innovative and agile firms to gain market share. Business models are changing, new entrants are coming to the market and exciting new products are being launched across the industry. Events like this one enable us to gain an insight into the strategies which will shape the industry for years to come.”

The two day event comprises of a conference, an exhibition and a prestigious Awards Dinner. This ceremony is widely recognised as one of the few events in the world which is truly global in its scope for acknowledging outstanding product launches, innovations and contributions in the cards and payments arena over the last twelve months. The Awards Gala sets the benchmark for the year with executives from across Europe attending.

Other topics include:

• SEPA & The Third Network


• Collections & Receivables


• Alternative Payments - Cash v e-wallets


• Going Mobile & The Death of Plastic


• Debit, The Continued Growth


• Future of Credit Across Europe


• Leveraging Contactless & Mobile Payments

Last year’s Cards & Payments Europe event was defined by the need to stay strong in an unpredictable economic climate but times are changing. Banks are beginning to lend and invest again, mergers and acquisitions are increasing and there is renewed optimism. VRL will capture this momentum by reflecting this positivity and this year’s event is all about innovation and how the industry can succeed and remain competitive in 2010.

Contacts

C8 Consulting Ltd

Annette Finch

+44 (0)1189 001135

Annette@c8consulting.co.uk

Permalink: http://www.businesswire.com/news/home/20100406006262/en/VRL-Industry-Leading-Speaker-Line-up-Confirms-Cards-Payments

VRL: Industry-Leading Speaker Line-up Confirms Cards & Payments Europe 2010 as Leading European Event

• BBVA, Citi, RBS, Bank of Spain and European Commission confirmed

Cards & Payments Europe 2010

LONDON--(BUSINESS WIRE)--Leading players from the cards and payments industry, including BBVA, Citi, RBS, the Bank of Spain and the European Commission, have been confirmed as speakers at VRL’s Cards & Payments Europe 2010 summit, to be held in Madrid. Industry experts from around the world will meet at the event, which takes place on 18 and 19 May 2010, to share best practice and market-leading business insight. Event participants will see a range of presentations with thought provoking content and a unique insight into the pressures, opportunities and market issues affecting this industry.

VRL’s group editor for cards and payments, Will Cain, said: “The cards and payments landscape is emerging from its most difficult period in decades, but opportunities are now emerging for innovative and agile firms to gain market share. Business models are changing, new entrants are coming to the market and exciting new products are being launched across the industry. Events like this one enable us to gain an insight into the strategies which will shape the industry for years to come.”

The two day event comprises of a conference, an exhibition and a prestigious Awards Dinner. This ceremony is widely recognised as one of the few events in the world which is truly global in its scope for acknowledging outstanding product launches, innovations and contributions in the cards and payments arena over the last twelve months. The Awards Gala sets the benchmark for the year with executives from across Europe attending.

Other topics include:

• SEPA & The Third Network


• Collections & Receivables


• Alternative Payments - Cash v e-wallets


• Going Mobile & The Death of Plastic


• Debit, The Continued Growth


• Future of Credit Across Europe


• Leveraging Contactless & Mobile Payments

Last year’s Cards & Payments Europe event was defined by the need to stay strong in an unpredictable economic climate but times are changing. Banks are beginning to lend and invest again, mergers and acquisitions are increasing and there is renewed optimism. VRL will capture this momentum by reflecting this positivity and this year’s event is all about innovation and how the industry can succeed and remain competitive in 2010.

Contacts

C8 Consulting Ltd

Annette Finch

+44 (0)1189 001135

Annette@c8consulting.co.uk

Permalink: http://www.businesswire.com/news/home/20100406006262/en/VRL-Industry-Leading-Speaker-Line-up-Confirms-Cards-Payments