CASE COMMENTS: CARTELS – EUROPEAN UNION – COMMITMENTS – INTERCHANGE FEES

Commitments: The European Commission renders legally binding commitments whereby two global payment associations agree to reduce the interchange fees paid on purchases made in the European Union with a debit or credit card issued outside the European Union (Visa, Mastercard II)

*This article is an automatic translation of the original article in French, provided here for your convenience. Read the original article. A good illustration of the "extraterritoriality" of competition law: the two US companies competing

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Anne-Sophie Choné-Grimaldi, Commitments: The European Commission renders legally binding commitments whereby two global payment associations agree to reduce the interchange fees paid on purchases made in the European Union with a debit or credit card issued outside the European Union (Visa, Mastercard II), 29 April 2019, Concurrences N° 3-2019, Art. N° 91530, p. 81

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