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Suit Claims Visa, MasterCard Are Fixing Prices On Square Fees

Visa and MasterCard are facing a new, proposed class action from small business owners who allege the credit card giants conspired with banks to...
Mastercard

MasterCard To Buy Identity Verification Firm Ekata For $850M

Proving that customers are who they claim to be is one of the big challenges for payments providers as eCommerce sales surge. To "advance...
Mastercard

UK Watchdog Says MasterCard & Rivals Ran Pre-Paid Card Cartel

Mastercard is among five companies which broke the law for cartel behaviour when offering prepaid cards to vulnerable members of society, Britain’s Payment Systems Regulator...
Mastercard

MasterCard Attempts To Limit Scope Of $19B UK Class Action

Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14 billion pound-plus ($19.3 billion) British class...
Mastercard

Mastercard Pushes Back On $19B UK Class Action

Mastercard on Thursday, March 25, pushed back against attempts to add compound interest to a £14 billion (US$19.2 billion) British consumer class action during...
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...
Economic Principles and the Reform of the European Commission’s Approach to Vertical Agreements

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...
Mastercard

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...
Mastercard

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...
Mastercard

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...
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