Visa Europe may be sold to Visa US

03/19/2013 | Wall Street Journal, The

The European banks that own Visa Europe are reportedly considering exercising a clause that requires US-based Visa Inc. to buy the credit-card business, and then setting up a competing payment service. Such a deal would strengthen Visa's position against rival MasterCard, especially in fast-growing economies like Turkey and Poland, but it would also bring new risks as regulators consider capping swipe fees, analysts say.

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