Seeking Alpha

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.
Comments (3)
  • ChuckXX
    , contributor
    Comments (1232) | Send Message
    Speak to us in english. What exactly does this mean???
    30 Jan 2014, 08:14 AM Reply Like
  • tomlos
    , contributor
    Comments (1207) | Send Message
    Exactly.... it's not terrible, it's moving upward today.
    30 Jan 2014, 10:22 AM Reply Like
  • tom g
    , contributor
    Comments (61) | 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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