financetom
Business
financetom
/
Business
/
EU antitrust regulators escalate Visa, Mastercard probe, documents show
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EU antitrust regulators escalate Visa, Mastercard probe, documents show
Jun 3, 2025 12:43 PM

BRUSSELS, June 3 (Reuters) - EU antitrust regulators are

asking retailers and payments companies whether a standardized

summary of fees by Visa and Mastercard ( MA ) and more

transparency on the charges would address their concerns,

according to documents seen by Reuters.

The latest questionnaires sent on Tuesday, which came nearly

two months after the last batch, suggest that EU regulators have

escalated their preliminary investigation into Visa and

Mastercard ( MA ).

The two companies, which charge scheme fees for services

related to participation in their card system and process about

two-thirds of card payments in the euro zone, have long faced

complaints from merchants and payments companies.

The new questionnaires focus primarily on a simpler and more

transparent fee structure and how Visa and Mastercard ( MA ) should

handle fines levied on retailers and payments companies.

Visa and Mastercard ( MA ) did not immediately respond to requests

for comment.

Respondents were asked whether a standardized summary of

fees categorized by type by Mastercard ( MA ) and Visa, including

descriptions and services covered, and drafted in plain and

intelligible language would be a suitable solution.

The 11-page questionnaires asked if changes to contracts

including terms and conditions, services and fees should be

based on objective, transparent, general and non-discriminatory

criteria.

Regulators wanted to know if a requirement for card schemes

to invoice fines separately would help retailers and payments

companies to identify the reason for the levies and to challenge

them when appropriate as well as the process for contesting

them.

The deadline for replies is June 18.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved