Tag: MasterCard
Visa & Mastercard Face Multibillion-Pound UK Fee Suit
MasterCard and Visa are said to be facing a lawsuit from UK companies over competition, with potential damages in the billions of pounds.
The Competition...
FTC Requires Mastercard To Stop Blocking Rivals In Debit-Payment Networks
On Tuesday, the Federal Trade Commission issued an order requiring Mastercard to allow competing networks access to customer information and to cease preventing merchants...
Mastercard Loses Bid To Appeal To UK Fee In Swipe Suit
The competition tribunal has denied Mastercard's request to appeal its decision regarding a £14 billion class action lawsuit related to swipe fees. The tribunal...
Mastercard’s European President Defends Card Fees Amid UK Probe
The president of Mastercard in Europe has spoken out in support of the fees the company charges merchants, as both Mastercard and Visa are...
Mastercard Cooperating With DOJ Antitrust Investigation of Debit Program
Mastercard is cooperating with an antitrust investigation by the U.S. Department of Justice (DOJ).
The firm received a Civil Investigative Demand (CID) from the DOJ...
DOJ Probes Mastercard’s Debit Practices
Mastercard has announced that the US Justice Department is currently investigating its US debit program and its competition with other payment networks for possible...
US Court Upholds Visa, MasterCard $5.6 Billion Settlement
A federal appeals court has approved a settlement of a class-action lawsuit brought against Visa and Mastercard.
The settlement, in which the payment card networks...
US Nominates Former Mastercard CEO To World Bank
The United States has nominated former Mastercard CEO Ajay Banga to lead the World Bank.
President Joe Biden announced the nomination Thursday (Feb. 23), citing Banga’s experience in managing businesses, partnering with...
Mastercard, Visa May Face New UK Class Action Suit Over Fees
A UK firm is reportedly to file another antitrust class action claim against Mastercard and Visa over their multilateral interchange fees,reported Sky News. This...
British Court Denies Mastercard Appeal in $19B Class-Action Lawsuit
A British court has denied Mastercard’s appeal that’s part of a 16-billion-pound (about $19 billion) class-action suit.
The ruling allows the estates of 3 million people who have...
