Mastercard and Visa Face Landmark UK Court Defeat Over Fees
Retailers win key ruling on inflated transaction costs
A UK court has ruled that Mastercard and Visa’s interchange fees breached antitrust laws by unfairly inflating costs for merchants, handing a major victory to retailers who have long challenged the payment giants’ pricing power.
The decision is expected to trigger compensation claims worth billions of pounds.
The decision is expected to trigger compensation claims worth billions of pounds.
