UK Competition Regulator Targets Visa and Mastercard Fees
Watchdog says cross-border card charges violate competition law
The UK’s competition regulator has ruled that cross-border transaction fees charged by Visa and Mastercard violate competition law.
Authorities claim the surcharges unfairly inflate costs for merchants and consumers, with further regulatory measures under consideration to foster fairer payment systems across the UK economy.
Authorities claim the surcharges unfairly inflate costs for merchants and consumers, with further regulatory measures under consideration to foster fairer payment systems across the UK economy.
