BRUSSELS, June 16 (Reuters) - Payment card company Visa Europe has been given an extension until the end of July to respond to EU charges of limiting competition between banks with its transaction fees, the European Commission said on Tuesday.
"The Commission's hearing officer thought that the reasons Visa Europe gave justified an extension," Commission spokesman Jonathan Todd said, adding the original deadline had been this month.
In April, the EU's executive arm accused Visa of setting fees for cross-border transactions that inflated the cost of payment card acceptance for merchants, ultimately increasing consumer prices. (Reporting by Foo Yun Chee)