Visa and Mastercard Interchange Fees Violate Competition Law, UK Court ...

Visa and Mastercard interchange fees violate competition law, UK court ...

UK Competition Regulator Says Visa, Mastercard Fees Violate Law - Data Intelligence

The U.K.’s Competition Appeal Tribunal ruled unanimously Friday (June 27) that Visa and Mastercard’s multilateral interchange fees violate European competition law. The ruling is the latest round in a long-running legal battle and applies to linked lawsuits brought by hundreds of merchants, Reuters reported Friday. The claimants’ attorney, David Scott, global managing partner of Scott+Scott, said in the report that the ruling is “a significant …

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 …

UK Tribunal Rules Visa, Mastercard Fees Breach EU Competition Law

The UK’s Competition Appeal Tribunal has ruled that Visa and Mastercard’s multilateral interchange fees charged to retailers breach European competition law. This unanimous decision concludes a long-running legal battle brought by merchants against the two US payments giants. The ruling marks a significant development in the ongoing dispute over card fees. David Scott, global managing partner at… Source

UK Competition Regulator Says Visa and Mastercard Fees Violate Law

The U.K.’s Competition Appeal Tribunal ruled unanimously Friday (June 27) that Visa and Mastercard’s multilateral interchange fees violate European competition law. [contact-form-7] The ruling is the latest round in a long-running legal battle and applies to linked lawsuits brought by hundreds of merchants, Reuters reported Friday. The claimants’ attorney, David Scott, global managing partner of Scott+Scott, said in the report that the …

UK Tribunal Rules Visa and Mastercard Fees Violate Competition Law | Fintech InShorts: Latest fintech news, analysis by experts

Landmark Decision Could Reshape Payment Processing Landscape Highlights: The UK tribunal’s ruling against Visa and Mastercard could have significant implications for competition in payment processing. The judgment found the fees charged by these companies to be in violation of competition laws, raising concerns about market dominance. This decision could lead to changes in fee structures and greater transparency for merchants and consumers. A r…