News
lifestyle & added value services
Published
Share
Share on facebook
Share on twitter
Share on linkedin
Share on email

UK top court rules against Mastercard and Visa

UK grocery chain has been awarded a win in a landmark ruling by the UK’s Supreme Court over Visa and Mastercard interchange fees. The court held that “multi-lateral interchange fees infringed EU antitrust rules by illegally restricting competition in the acquiring market.” The reasoning behind this was that the “effect of the collective agreement to set the MIF is to fix a minimum price floor for the [merchant service charge”. It will be interesting to see that since this is considered market abuse, which payments providers will be able to step in to provide a more competitive service to global retail giants.

Read more here

Share this Article
Share on facebook
Share on twitter
Share on linkedin
Share on email
Related Insights
Featured
Amsterdam Fintech Week
Take a look at our yearly fintech festival, Amsterdam FinTech Week. Go on the dedicated website to check out the 2021 wrap up!
AMLD5 Guide
A source for consulting PSD2 legislation coupled with commentary, tips & tricks, applicability, in collaboration with our member law firms.