MasterCard dealt blow in Europe over fees

|By:, SA News Editor

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.