January 30, 2017Blog Posts

Mastercard welcomes UK court ruling on interchange fees

Finextra:

Mastercard statement on favorable judgment of Popplewell J. of the UK Commercial Court regarding UK retailer action on Interchange Fees. Mastercard is grateful that the Court has found in its favour with respect to the significant issues being heard in this case. The Court recognised the immense benefits that retailers derive from our payment system. In rejecting the retailers’ claims, it found that Mastercard’s interchange fees did not restrict competition and were necessary for the functioning of its payment system.

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