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That’s MasterCard sorted, now for Visa…That’s MasterCard sorted, now for Visa…
Gavin Lipsith
15-Jan-2008
The European Commission decided that MasterCard’s fee system is illegal under European competition law
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The industry should be delighted with the European Commission’s landmark decision that MasterCard’s fee system—particularly its multilateral interchange fee (MIF), which represents up to 80% of the fees charged to
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(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
(21-Dec-2007) - Travel-retail Fair Payment Alliance welcomes victory against the high costs agreed by banks and passed on to retailers
(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
(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
(23-Jun-2008) - Operators should be able to negotiate lower credit card fees after MasterCard suspended its Multilateral Interchange Fee last week