EU Charge Fees May Need New Law, Antitrust Official Says

Law360, New York (September 21, 2012, 10:05 PM EDT) -- A top European Commission antitrust official on Friday called for credit card industry players to toe the line in light of a European Union court's backing of its ban on MasterCard Inc.'s interchange fees, but cautioned that competition concerns about the charges might ultimately need a legislative fix.

The payments market in general, and the mobile payments market in particular, remains a focus for the commission, EC Director-General for Competition Alexander Italianer said at the Fordham Competition Law Institute conference in New York. The EC wants...
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