Trump has begun another trade war. Here's a timeline of how we got here
Canada's leader laments lost friendship with US in town that sheltered stranded Americans after 9/11
Chinese EV giant BYD's fourth-quarter profit leaps 73%
You're an American in another land? Prepare to talk about the why and how of Trump 2.0
Chalk talk: Star power, top teams and No. 5 seeds headline the women's March Madness Sweet 16
Purdue returns to Sweet 16 with 76-62 win over McNeese in March Madness
(Reuters) -Payments giant Visa said on Wednesday the European Commission (EC) had opened a preliminary investigation into fees charged to retailers.
Reuters had exclusively reported earlier this month that EU antitrust regulators were investigating whether fees charged by card giants Visa and Mastercard had a negative impact on retailers.
The EC informed Visa about the investigation on Aug. 30, it said, adding that the company was cooperating with the regulator in connection with the investigation.
Last month, Mastercard also disclosed that the EC had sought documents tied to a broader investigation into alleged anti-competitive behavior in the European Union.
Visa and Mastercard have long dominated the market for payment cards and often been subject to scrutiny and allegations of a duopoly.
Additionally, Visa said that the EC informed it on Oct. 1 that a separate investigation into the company's incentive agreements with clients had been closed.
(Reporting by Arasu Kannagi Basil in Bengaluru; editing by Alan Barona)
