Visa Europe Challenges EU Refusal on Debit-Card-Fee Caps

Visa Europe Ltd. challenged the European Union’s refusal to allow it to change a 2010 cap on debit-card transaction fees paid by retailers.

The European Commission’s July 31 decision to reject Visa Europe’s request should be overturned, the operator of Europe’s largest payment-card network said in an appeal to the bloc’s second-highest court. The commission violated the EU’s Charter of Fundamental Rights by refusing Visa Europe “the opportunity to effectively make known its views on the relevant facts.”