MasterCard International

MasterCard: Card charges ‘push up’ EU prices

Credit and debit card fees are pushing up retail prices by as much as 2.5% in some EU markets, according to the European Commission.

Depending on where customers live in the EU, they could pay up to double in annual fees for a Visa or Mastercard

Regulator slams Mastercard fees

Mastercard and the banks issuing its credit cards have been overcharging their customers, according to the Office of Fair Trading (OFT).

The fee levied on retailers to recover the costs of the card system was too high, the watchdog says.

Consequently, all Mastercard purchases in the UK between March 2000 and November 2004 were overcharged

MasterCard International: Credit card giants lose court bid

A ruling that Visa and Mastercard had violated antitrust law has been upheld by the US Supreme Court.

The case stemmed from a 1998 Justice Department lawsuit challenging the credit card issuers’ regulations.

The groups appealed after a court found they were wrong to block banks from issuing credit cards on rival networks such as Discover and American Express