We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

EC Nears Completion Of MasterCard Probe

Law360 (August 3, 2007, 12:00 AM EDT) -- The European Commission will complete its probe into MasterCard Inc.'s interchange fees and rule on the legality of the payments by autumn, the credit card company said on Friday.

The Commission's decision in the matter will close an antitrust case filed last summer, alleging that MasterCard restricted business practices by charging retailers for accepting MasterCard- and Maestro-branded cards.

The Commission said if it finds that the fees are anti-competitive between merchant banks, MasterCard may have to stop charging retailers interchange fees.

The European Commission's 220-page document...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.