Visa Buys CyberSource to Add Internet Sales, Security

April 21 (Bloomberg) -- Bloomberg's Deirdre Bolton and Erik Schatzker report on Visa Inc.'s agreement to buy CyberSource Corp. for about $2 billion in cash to improve its offering of online transaction services and help fight fraud. (Source: Bloomberg)

Antitrust settlement over Visa and Mastercard 10 Dec 2009

Retailers and merchants will be getting checks as a part of a landmark antitrust settlement over Visa and Mastercard. CNBC's Jane Wells has the details.


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Love JPMorgan, Buy Visa

From the Best of TSC TV: Stephanie Link, director of research for Cramer's Action Alerts PLUS, reveals the stock to buy in the wake of JPMorgan's great quarter. Original air date: 10/15/09.

Visa Europe Faces Antitrust Complaint From Retailers

Visa Europe Ltd., operator of the largest payment-card network in the 27-nation European Union, faces a formal antitrust complaint from EuroCommerce, a group representing retailers.

A transaction fee paid by retailers, which is set by Visa and its member banks, breaks EU antitrust rules, EuroCommerce, whose members include Carrefour SA and Tesco Plc, said in an e- mailed statement today. The so-called interchange fee is paid by the retailer’s bank to the bank that issued the customer’s card.

“The Visa interchange fee procedure is completely unfair,” said Xavier Durieu, secretary general of EuroCommerce, in the statement. “Retailers are forced to pay for a range of services from which they do not benefit. Bank rates are the only services which retailers, even the largest ones, are not able to negotiate.”

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