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Stock impact report

Visa says EU regulator probing fees charged to retailers [Yahoo! Finance Canada]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
The EC informed Visa about the investigation on Aug. 30, it said, adding that the company was cooperating with the regulator in connection with the investigation. Last month, Mastercard also disclosed that the EC had sought documents tied to a broader investigation into alleged anti-competitive behavior in the European Union. Visa and Mastercard have long dominated the market for payment cards and often been subject to scrutiny and allegations of a duopoly. Additionally, Visa said that the EC informed it on Oct. 1 that a separate investigation into the company's incentive agreements with clients had been closed. (Reporting by Arasu Kannagi Basil in Bengaluru; editing by Alan Barona) Recommended Stories Show less Read more
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