Add to Favorite
Magazine 
Magazine
Mastercard fees under attackMastercard fees under attack
1-Mar-2006
UK. The Office of Fair Trading (OFT) has launched a second investigation into charges levied by Mastercard just six months after the UK watchdog published a report condemning the credit card firm for breaching the country's competition law
Article Preview:
The OFT action is intended to shed light on "extraneous costs" claimed by Mastercard as part of its Multilateral Interchange Fee (MIF), which accounts for the bulk of charges paid
........Your Comments On This Article
Related Stories
Articles bearing the symbol 
require subscription.
(15-Jan-2008) - The European Commission decided that MasterCard’s fee system is illegal under European competition law
(25-Nov-2004) - UK. The Office of Fair Trading, a government regulatory body, has rejected appeals from Mastercard to reverse its decision that the credit card company's interbank fees violate UK competition laws, and has launched a similar investigation against Visa
(13-Sep-2005) - The Office of Fair Trading has ruled that MasterCard's UK multilateral interchange fee is uncompetitive
(15-Feb-2006) - The International Association of Airport Duty Free Stores is among trade associations to have welcomed a congressional hearing on the multilateral interchange fee
(23-Jun-2008) - Operators should be able to negotiate lower credit card fees after MasterCard suspended its Multilateral Interchange Fee last week