Tag: MasterCard
US: Visa, MasterCard to settle large antitrust class action
According to a report from Bloomberg, Visa and MasterCard won preliminary approval on Monday, January 28 for their second attempt at settling antitrust allegations of a...
EU: Mastercard fined US$650M for breaking antitrust laws
The European Commission has fined US payment system Mastercard €570 million (US$648 million) for limiting the possibility for merchants to benefit from better conditions...
EU: Visa, Mastercard offer to cap tourist card fees to end...
According to a report from the Wall Street Journal, Visa and Mastercard have offered to cap the fees charged on card payments made by...
EU: Visa, Mastercard propose tourist card fee cut
According to a report from Reuters, Visa and Mastercard have proposed lowering the fees merchants face when they accept payments from non-EU credit cards...
Brazil: Visa, AmEx, Mastercard face antitrust charges
Visa, American Express, and Mastercard are among the payment companies that are the subject of an inquiry by Brazilian regulators.
According to a report in...
India: Mastercard protests payments “nationalism”
Mastercard reportedly has lodged a protest with the US government over the use of nationalism by the government in India to promote a domestic...
US: Visa, Mastercard reach US$6.2bn settlement over card-swipe fees
On Tuesday, September 18, Visa, Mastercard, and a number of US banks agreed to pay US$6.2 billion to settle a long-running antitrust suit brought...
UK: Mastercard, Visa lose appeal in retailer fees suit
Credit card companies Visa and MasterCard set fees at an unlawful level that restricted competition, a London appellate court ruled Wednesday. The Court of...
UK: Appeal against Visa, Mastercard fees starts
According to a report by Bloomberg, a case between retailers and credit-card companies that has lasted five years reached a London appeals court Monday,...
UK: Quinn Emanuel calls for judicial review in £14b Mastercard class...
Quinn Emanuel Urquhart & Sullivan is seeking judicial review to challenge the Competition Appeal Tribunal’s (CAT) decision in the £14 billion (US$18.4 billion) Mastercard...