London Tribunal Rules Visa and Mastercard’s Interchange Fees Breach EU Competition Law

A London tribunal has ruled that Visa and Mastercard’s multilateral interchange fees violate European competition law, delivering a major blow to the global payment giants and a significant win for hundreds of merchants who brought legal action over what they called excessive charges. The Competition Appeal Tribunal (CAT) delivered the unanimous ruling on Friday in [...]The post London Tribunal Rules Visa and Mastercard’s Interchange Fees Breach EU Competition Law appeared first on Tekedia.

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