id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-3012	Gyselen, Luc	Multilateral Interchange Fees Under E.U. Antitrust Law: A One-Sided View on a Two-Sided Market?	2005	20	.pdf	application/pdf	6078	301	57	43 Second, most issuing banks are members of both the Visa and Eurocard/MasterCard systems, and therefore, are likely to issue whichever of the two brands had the higher MIF.44 Third, merchants are better off if they incorporate the MSC in the retail prices of their goods than if they cease accepting Visa cards because Visa's MSC is too high.45 The Commission then acknowledged that Visa's proposal to link the MIF to the cost of three services supplied by the issuing banks to the merchants mitigated its concerns over the lack of competition in the acquiring market.46 These services include: (i) processing the card payment; (ii) guaranteeing the card payment; and (iii) offering a free funding period. The Commission has failed to demonstrate that the incorporation of costs related to the acceptance of Visa cards diminishes consumer welfare.	cache/cblr-3012.pdf	txt/cblr-3012.txt