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.