Tag: MasterCard
MasterCard To Buy Identity Verification Firm Ekata For $850M
Proving that customers are who they claim to be is one of the big challenges for payments providers as eCommerce sales surge. To "advance...
UK Watchdog Says MasterCard & Rivals Ran Pre-Paid Card Cartel
Mastercard is among five companies which broke the law for cartel behaviour when offering prepaid cards to vulnerable members of society, Britain’s Payment Systems Regulator...
MasterCard Attempts To Limit Scope Of $19B UK Class Action
Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14 billion pound-plus ($19.3 billion) British class...
Mastercard Pushes Back On $19B UK Class Action
Mastercard on Thursday, March 25, pushed back against attempts to add compound interest to a £14 billion (US$19.2 billion) British consumer class action during...
Swiss Competition Regulator Probes Mastercard
The Swiss Competition Commission (COMCO) has opened an investigation of Mastercard into possible obstruction of SIX’s National Cash Scheme, a set of rules for...
Merricks Judgement Marks A Turning Point For UK Opt-Out Collective Actions
By: Sebastian Peyer (UEA Competition Policy Blog)
In December 2020 the UK Supreme Court handed down its long-awaited decision in Merricks v MasterCard. This is the first...
UK Supreme Court Allows $18.5B Mastercard Class Action To Proceed
A UK high court class action lawsuit brought by 46 million consumers could cost Mastercard £14 billion (US$18.6 billion) now that a court decision...
EU Approves Mastercard Takeover Of Nets, With Concessions
The European Commission has approved the €2.85 billion (US$3.4 billion) take-over by Mastercard of key business units of Nets, subject to the transfer of...
EU OKs Buy Of Nets’ Account-To-Account Payment Business By Mastercard
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Nets' account-to-account payment business by Mastercard.
The decision is conditional on...
Mastercard Offers EU Concessions In Nets Deal
Mastercard has offered concessions in an attempt to address EU antitrust concerns about its planned purchase of part of Scandinavian payments group Nets, according...
