Tag: MasterCard
British Court Denies Mastercard Appeal in $19B Class-Action Lawsuit
A British court has denied Mastercard’s appeal that’s part of a 16-billion-pound (about $19 billion) class-action suit.
The ruling allows the estates of 3 million people who have...
FTC Probes Competition In Visa, Mastercard Debit Routing Practices
The Federal Trade Commission (FTC) is reportedly looking into whether Mastercard and Visa's security tokens prevent debit-card routing competition on certain digital payments.
That’s according to a Monday (Oct....
The Unintended Consequences Of Durbin’s Proposed Routing Legislation
It’s a movie that everyone in the payments industry has seen at least once: Merchants challenging the card networks over interchange.
The latest attempt, spearheaded...
UK Questions Visa, Mastercard Cross-Border Fees
Visa and Mastercard pushed back against U.K. regulators examining 2021 cross-border fee hikes, saying the increases were triggered by the U.K.’s exit from the...
Swiss Watchdog Lifts Measures Against Mastercard
In 2021, Comco opened an investigation by taking provisional measures against Mastercard for a possible obstruction of SIX’s National Cash Scheme (NCS).
The Competition Commission...
Chile’s Competition Tribunal Orders Visa & Mastercard To Alter Payment Practices
Chile´s competition authority, the Tribunal for the Defense of Free Competition (TDLC) has issued a sentence regarding the procedures that will regulate payments systems...
UK Parliament Want Visa, Mastercard To Explain Swipe Fees Hike
On Wednesday (July 13), the Treasury Committee at the UK Parliament sent letters to Visa and Mastercard requesting them to explain their increases in cross-border interchange...
UK Regulator To Review Visa, Mastercard Processing & Swipe Fees
The U.K. Payment Systems Regulator (PSR) published on Tuesday (June 21) details of two market reviews that is planning to conduct later this year...
Australian Regulator Sues Mastercard For Anti-Competitive Practices
The Australian Competition and Consumer Commission (ACCC) on Monday started legal proceedings in the Federal Court against Mastercard for allegedly stifling competition in the supply of debit...
Settlements OK’ed For Distribution In Credit Card Interchange Fees Class Action
Camp Fiorante Matthews announced today court approval of a plan for the distribution of settlement funds in the Canadian credit card interchange fees action....
