Visa Europe Ltd., the regional franchise of Visa Inc., expects to reach an agreement this year with European Union regulators to resolve a dispute over a credit card fee.

Visa Europe Chief Executive Peter Ayliffe said Tuesday that he was close to an accord with the European Commission, which began a probe last March into the company's interchange fees. These are paid between banks on each transaction, and ultimately passed on to retailers and cardholders.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.