notic pursuant articl council regul case comp visa intern text eea relev introduct januari ibanco visa intern notifi intern payment card scheme law oper regul commiss appli neg clearanc altern exempt articl initi comfort letter april commiss complaint british retail consortium call interchang fee visa intern payment scheme reopen investig visa case comfort letter withdrawn decemb reopen investig account complaint file eurocommerc retail wholesal intern trade represent european union aspect inter alia visa intern payment card scheme parti visa intern visa intern servic associ quot visa quot privat held profit corpor own member financi institut world visa incorpor usa oper card system network end manag trade mark set rule system authoris clear servic worldwid comput telecommun network call visanet visa issu visa card cardhold contract merchant visa card accept member financi institut receiv licenc end visa visa divid territori activ region worldwid visa eu region cover eu efta countri iceland liechtenstein norwai turkei israel cypru malta visa member decis make deleg visa eu region board director elect year visa member financi institut eu region eu region board respons intra region affair adopt region regul visa eu region oper regul admiss expuls member establish region set default level interchang fee applic territori countri call visa nation group member eu board deleg power develop administ visa card programm member visa member class membership visa corpor broadli speak class membership open institut organis commerci bank law countri authoris accept demand deposit visa accept membership applic deem board director competitor corpor main class membership relelv visa card activ eu princip associ membership princip member issu card acquir merchant carri activ therewith directli contract member associ visa member sponsor princip member carri function princip pursuant agreement princip princip member pai servic fee visa entitl vote member state visa group member princiapl member authoris exercis membership right oper visa card programm owner member member visa group member member visa group member respons act omiss owner member member state visa group member austria visa austria belgium visa belgium denmark pb finland luottokunta kreditlag franc groupement cart bleue luxembourg visalux spain sistema visa espana sweden visa sweden associ group member luottokunta issu visa card group member luottokunta pb visalux acquir member visa deleg visa group member power develop administ visa card programm visa group member visalux luxembourg sistema spain refer visa nation group member nation group member act nation visa authoris adopt rule applic oper visa programm countri provid local arrang infring visa law oper regul nation group member decid applic licenc issu acquir visa card territori visa retain accept elig institut direct member visa nation group member reason unwil licens institut carri visa card activ nation group member give consent establish foreign branch territori hereinaft visa eu board accept member countri directli membership quot unreason withheld quot nation group member nation group member consent visa grant direct membership market function visa payment scheme visa notif concern oper payment card system broadli speak visa card pai merchant good servic obtain cash bank counter atm case parti involv visa cardhold issu bank issu card cardhold merchant acquir bank acquir merchant visa card accept case parti visa cardhold issu bank atm oper involv card payment cash withdraw transact consum contract issu bank receiv card exchang annual fee paid cardhold issu bank regard payment transact merchant conclud contract acquir bank card accept contract set merchant fee condit card payment transact involv step cardhold merchant agre price relev good servic includ surcharg ii card insert devic termin check card vali transact pre authoris issuer iii transact clear settl inter bank level includ payment typic merchant bank cardhold bank interchang fee iv merchant bank cardhold bank charg custom transact relat fee payment transact distinct made servic hand issu card custom hand acquir merchant card accept parti transact servic provid entiti card cash withdraw transact involv step similar payment transact main differ merchant involv transact oper atm cash withdrawn posit visa market visa major intern payment organis activ european market europai intern mastercard intern europai japan credit bureau jcb intern proprietari system american express diner club intern intern payment organis europai close cooper mastercard import competitor visa europ viosa europai account intern card issu eu posit visa gener stronger europai import differ member state visa strong uk spain franc itali europai hand stronger germani netherland austria intern payment card oper nation payment card oper activ member state intra system competit issu visa card member state visa card issu bank directli princip associ visa member member group member number issuer vari member state finland visa issuer nation group member luottokunta countri ireland uk franc visa card issu foreign branch acquir merchant visa card accept visa acquir activ gener concentr number actual acquir vari countri countri uk lot visa acquir de facto singl princip visa acquir denmark pb sole acquir visa europai finland luottokunta sole acquir visa europai transact member state visa group member austria belgium spain franc sweden group member member acquir merchant visa transact practic acquir busi domin singl acquir netherland vsb intern import acquir portug unicr belgium transact acquir bank card compani agreement gener notif visa concern rule regul govern visa associ member intern law region board deleg intern provis relat visa payment card gener intern oper regul eu region oper regul disput resolut rule card mark specif notifi visa rule regul hereinaft refer quot visa rule quot visa rule govern primarili relationship visa member mean bank issu visa card bank acquir merchant visa card accept addit visa rule claus relev relat visa member inter bank relationship rule contan claus regard relationship acquir bank merchant call discrimin rule honour card rule visa seek prescrib arrang issuer visa card cardhold lai basic characterist visa card product specif provis discrimin rule ndr ndr visa intern card regul prohibit merchant ad charg cardhold pai visa card addit visa ndr prohibit merchant give consum discount pai mean payment cash rule appli countri abolish nation competit author uk credit card sweden netherland similar rule cash withdraw acquir prohibit ad surcharg manual atm cash disburs transact local law expressli requir member permit impos surcharg principl territori licens visa card issu acquir member visa payment card system obtain licenc end visa appli territori licens polici mean principl visa member jurisdict carri visa card issu acquir activ limit countri princip place busi condit member carri cross border issu cross border acquir activ possibl cross border activ gradual increas visa hereinaft modifi rule cross border issu visa rule oblig bank wish carri issu activ countri domicil principl subsidiari join visa establish foreign branch territori concern specif except gener rule situat establish subsidiari branch requir visa card issu passiv solicit cardhold provid card account issu bank countri domicil visa corpor card issu employe world multin compani region eu board meet visa approv amend cross border issu rule involv abolish requir visa member branch subsidiari member state wish cross border issu visa card order ensur continu secur qualiti visa system visa adopt minimum rule cross border issu open member proven issuer princip place busi countri submit busi plan compli regist domest rule visa state technic reason modifi rule cross border issu enter forc half modifi rule cross border acquir visa rule cross border acquir intern airlin specif categori visa eu efta cross border acquir programm similar condit mention cross border issu bank cross border acquir merchant establish subsidiari branch territori initi visa limit programm categori intern merchant car rental compani hotel ferri cruis line januari cross border acquir made visa categori quot intern quot merchant merchant oper countri visa eu region region eu board meet visa agre withdraw requir merchant acquir cross border outlet countri amend effect visa eu region oper regul approv effect visa eu execut committe meet juli modifi rule cross border acquir enter forc octob acquir issu visa rule princip member formal oblig issu card acquir merchant practic visa oblig member acquir acquir merchant card accept start acquir activ countri member issu reason number card target set case case basi take account number card issu time countri question exist visa member potenti visa card market addit size potenti applic consid visa order determin reason number card issu cross border acquir activ allow card issu countri visa eu region account honour card rule merchant accept valid card visa visa electron symbol properli present payment visa merchant agreement requir accept visa card requir accept electron card merchant agreement accept electron card requir accept visa card honour card rule appli irrespect natur transact ident issuer type card person characterist cardhold conclus view preced paragraph commiss intend adopt favour posit provis notifi agreement refer invit interest parti submit observ month public notic offici journal european commun observ submit quot refer case comp visa intern post address european commiss director gener competit direct unit financi servic rue de la loi wetstraat brussel fax oj transact parti system issuer acquir transact quot quot transact repres parti diagram mind card larg scale member state market payment card develop unit kingdom germani franc spain denmark finland austria greec ireland