Visa Europe, the European licensee of Visa Inc., has offered to halve its inter-bank credit card fees to 0.3 percent for four years to end a European Union antitrust investigation and stave off a possible fine. The European Commission said in a statement on Tuesday that the proposed cut meant Visa Europe's fees would be on the same level as rival MasterCard, and about 40-60 percent lower than at present.
Visa Inc. (Visa) is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. Shares of V remained unchanged at $178.93. In the past year, the shares have traded as low as $111.94 and as high as $180.84. On average, 2990830 shares of V exchange hands on a given day and today's volume is recorded at 0.
Source
