Update May 2010: The EC and Visa have reached an agreement to reduce debit card fees by .2%. A comment period will proceed and then an evaluation of the effectiveness of the reduction.
In late April, Visa Europe commited to cut its multilateral interchange fees (MIFs) for debit card payments to .20% as the maximum weighted average MIF for all cross border transactions and for national transactions in a number of Member States with debit cards.