MasterCard’s Scheme Fees Draw EU Review: Report

Law360 (October 13, 2008, 12:00 AM EDT) -- The European Commission is reportedly reviewing MasterCard Inc.’s new fee structure to determine whether it goes against a previous European antitrust decision on cross-border interchange fees.

Earlier this month, the credit card company hiked up its so-called scheme fees, which are service fees that MasterCard charges banks when they are processing merchants’ credit card payments. Retailers claim that the new scheme fees are another form of cross-border interchange fees, which were banned by the commission in December, that unfairly raise costs for retailers and consumers....
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