EU: Mastercard incurs US$650M charge over antitrust fine

EU: Mastercard incurs US$650M charge over antitrust fine

Mastercard incurred a US$650 million fourth-quarter charge related to a large fine over a 2015 EU antitrust investigation, Reuters reported on Tuesday, December 4. The company was accused of setting rules that blocked banks in one EU country from offering lower interchange fees to a retailer in another EU country. Mastercard actually stopped the practice […]