MasterCard dealt blow in Europe over fees


Paolo Mengozzi, the Advocate General of the European Court of Justice, has recommended that Europe's top court reject an appeal by MasterCard (MA) against an EU ban on its cross-border card fees.

Judges at the court usually follow the recommendations of the Advocate General; they are due to rule on the charges in the coming months.

The EU argues that the fees, which are imposed on retailers' credit- and debit-card transactions, breach the bloc's antitrust regulations.

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Comments (3)
  • ChuckXX
    , contributor
    Comments (1687) | Send Message
     
    Speak to us in english. What exactly does this mean???
    30 Jan 2014, 08:14 AM Reply Like
  • tomlos
    , contributor
    Comments (1292) | Send Message
     
    Exactly.... it's not terrible, it's moving upward today.
    30 Jan 2014, 10:22 AM Reply Like
  • tom g
    , contributor
    Comments (83) | Send Message
     
    cross border fees are the most lucrative fees charged by the credit card industry. This is not new news, as the ruling is a couple of years old and MA along with V europe have already lost a previous appeal in the EU courts.
    30 Jan 2014, 11:25 AM Reply Like
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