Tag: MasterCard
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...
EU Regulators Eye Mastercard’s $3.2B Bid For Nets
The European Commission’s antitrust regulators are poised to rule on whether Mastercard’s $3.2 billion bid for part of the Scandinavian payments company Nets can go...
EU To Rule On Mastercard’s Scandinavian e-Pay Deal By August
EU antitrust regulators will decide by August 3 whether to clear Mastercard’s bid for part of Scandinavian payments group Nets, according to a European...
Mastercard, Visa Face Payouts After UK Court Case
The UK’s top judges ruled in favor of retailers including J Sainsbury in a blow to credit-card companies that could now face billions of...
UK Supreme Court Rules Mastercard, Visa Violated Anti-Competition Laws
Two of the world’s largest credit card companies have lost their bid to assess fees on retailers in the United Kingdom.
Britain’s Supreme Court has...
