Tag: MasterCard
Visa, Mastercard Face New Class-Action Over Fees
A commercial litigator in the UK is filing a class-action lawsuit on behalf of a large group of clients contesting multilateral interchange fees (MIFs)...
UK Fines Mastercard Over Prepaid Cartel Activities
Five payment companies, including Mastercard, have been fined a total of more than £33 million (US$45 million) for operating illegal cartels when providing prepaid...
UK Scrutinizes Visa & Mastercard Fee Increases
British lawmakers plan to scrutinize increases in the fees Visa and Mastercard's charge businesses after the country's payments regulator found no evidence to justify...
EU’s Rival To Visa & Mastercard Asks For State Funding
A planned pan-European payments network backed by 22 banks to compete with US duo Mastercard and Visa appealed on Tuesday for public money, reported...
Mastercard Is Buying Blockchain Analytics Start-Up CipherTrace
Mastercard has agreed to acquire blockchain analytics start-up CipherTrace, in the latest sign of how major companies are warming to cryptocurrencies.
The payments giant said...
UK OKs Mastercard’s Largest Class Action Over Fees
Mastercard is set to face a £14 billion (US$19 billion) class action over its payment fees after a London tribunal gave the group bringing...
Mastercard & Sainsbury’s Settle UK Interchange Fee Suit
According to a recent report in Law 360, Sainsbury's Supermarkets has reached a settlement with Mastercard over over fees that the UK's highest court...
Visa, Mastercard ATM Suits Get Class Certification
A consolidated case against Visa and Mastercard over allegedly excessive ATM access fees will proceed as a class action, after a federal judge in...
Mastercard Resumes Antitrust Lobbying
According to Politico, Mastercard is getting into antitrust lobbying for the first time in years. The payment giant hired The Duberstein Group at the...
Suit Claims Visa, MasterCard Are Fixing Prices On Square Fees
Visa and MasterCard are facing a new, proposed class action from small business owners who allege the credit card giants conspired with banks to...
