Tag: MasterCard
MasterCard Faces UK Supreme Court Over Antitrust Class Action Suit
MasterCard faces two days in front of Britain's highest court to determine whether it potentially owes every adult in the UK a collective £14billion,...
Merricks v. Mastercard: “Passing on” the U.S. Experience
By Makan Delrahim (Assistant Attorney General, Antitrust Division, U.S. Department of Justice)1
I. Introduction
The mission of the Antitrust Division of the U.S. Department of...
Mastercard Gets OK To Join China’s Payments Market
China’s central bank gave Mastercard the go-ahead on Tuesday, February 11, to set up a bank card clearing business, granting access to a US$27...
Mauritius: Regulator says Visa and MasterCard interchange fees are anticompetitive
The Competition Commission of Mauritius has ordered Visa and MasterCard to cap their interchange fees after finding the credit card issuers abused their dominance...
US/EU: Mastercard to buy part of payments company Nets for $3.19B
In its biggest acquisition to date, Mastercard will buy Nets for €2.85 billion (US$3.19 billion). With the purchase of the Denmark-based payments platform, Mastercard...
US: Mastercard, Samsung team up
Mastercard announced Tuesday, May 21, that it is collaborating with Samsung to research and develop ways for people to verify their digital identity on...
EU: Regulator accepts Visa and Mastercard offer to end antitrust probe
The European Union has accepted an offer by Visa and Mastercard to cut fees on payments made by tourists using cards issued outside the...
US: Mastercard acquires Vyze
Mastercard has acquired Vyze, a technology platform for point-of-sale payment options, designed to provide flexibility and convenience through financing options.
Simon Vincent, Head of Product...
UK: Ex-financial ombudsman Walter Merricks on why he took on MasterCard
Walter Merricks decided to take on the biggest class action in British history, believing millions of consumers had paid higher prices in shops for...
UK: Appeals court puts Mastercard in huge class-action
Mastercard faces the possibility of a £14 billion (US$18.2 billion) lawsuit after the Court of Appeal in London made a surprise ruling. And nearly...
