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UK watchdog backs card campaignUK watchdog backs card campaign
Gavin Lipsith
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
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The agency's decision was announced following representations from the Fair Trade Alliance, the travel-retail campaign group for greater transparency in the credit card payments levied on retailers.
The interbank fee
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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
(15-Jan-2008) - The European Commission decided that MasterCard’s fee system is illegal under European competition law
(24-May-2005) - Spanish travel-retailers will be boosted by competition authorities' decision forbidding banks from setting a collective interchange fee on credit card payments.
(1-Jun-2005) - SPAIN. The Fair Payment Alliance (FPA) has won another victory in its campaign against excessive fees for credit card payments following a recent judgement by Spanish competition authorities
(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