European Union antitrust regulators are investigating whether the fees charged by Visa (V) and Mastercard (MA) have a negative impact on retailers, Foo Yun Chee of Reuters reports, citing an EU document seen by the news agency. The European Commission sent questionnaires about both Visa and Mastercard to retailers and payment service providers in September, giving them until October to respond, according to Reuters. “We have no further comment to make, as the investigation is ongoing,” the EU antitrust watchdog said when asked by Reuters to comment on the contents of the document. Such questionnaires usually help EU regulators to develop an anti-trust case, Reuters notes.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MA:
- Does Mastercard (NYSE:MA) Stock Have Room to Run Higher?
- MasterCard price target raised to $544 from $540 at Morgan Stanley
- MasterCard price target raised to $572 from $566 at Citi
- MasterCard price target raised to $565 from $505 at Macquarie
- MasterCard price target raised to $532 from $496 at Mizuho