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Articles tagged with mastercard

Retail trade group to opt out of $7.2 billion credit card-fee pact

NEW YORK - A major retail trade association said Wednesday it will reject a proposed $7.2 billion settlement with credit-card giants Visa Inc and Mastercard Inc over card fees, calling it a "bad deal" for nearly 8 million U.S. merchants.

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Found 1 month ago on channel Reuters

MasterCard under EU fire over payment card fees

BRUSSELS - MasterCard is under investigation by the European Union over the level of fees tourists to the EU are charged when using cards to make purchases, which the EU competition regulator said could hamper cross-border trade.

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Found 1 month ago on channel Reuters

EU to Probe MasterCard

The European Union has opened an antitrust investigation into MasterCard, following concerns that some of the credit-card company's interbank fees are anticompetitive.

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Found 1 month ago on channel Wall Street Journal

MasterCard vows to cooperate with fresh EU probe

European regulators launched a probe into MasterCard’s fees and practices, echoing one into Visa.

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Found 1 month ago on channel MarketWatch

EU antitrust regulators to investigate MasterCard card fees

BRUSSELS - EU regulators are investigating whether MasterCard's card fees for non-European cardholders and business practices locking in merchants to its cards violate EU antitrust rules, as they stepped up their fight against barriers to cross-border trade.

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Found 1 month ago on channel Reuters