E.C. Accuses MasterCard Of Fixing Interchange Fees
The Commission said Friday that it notified MasterCard on June 23 that its interchange process of charging retailers for accepting MasterCard and Maestro branded cards may breach its ban on restrictive business practices.
The Commission said if it finds that the fees are anticompetitive between merchant banks, MasterCard may have to stop charging retailers interchange fees.
The 220-page document is a supplement to an earlier...
Already a subscriber? Click here to login