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Visa Europe Settles EU Antitrust Case, Reduces Fees

Visa Europe Ltd., operator of the largest payment-card network in the 27-nation European Union, will reduce debit-card transaction fees paid by retailers as part of a deal to end EU antitrust action.

The European Commission will drop its investigation into debit-card charges after Visa Europe promised in April “to significantly cut” fees to 0.2 percent of a purchase, the agency said in an e-mailed statement.