European Commission Opens Antitrust Investigation into MasterCard

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The Commission initiated an investigation last week into the inter-bank fees charged by MasterCard in relation to payments made by card-holders from non-EEA countries, restrictions placed by MasterCard on retailers attempting to reduce the cross-border fees they pay and MasterCard’s business rules and practices.

The Commission is concerned that MasterCard’s behaviour is anti-competitive, with inter-bank fees being largely passed on to retailers, harming EU consumers and affecting cross-border business.

The Commission press release announcing the investigation is available here.

 

Topics:  Antitrust Investigations, Credit Cards, Cross-Border, Foreign Investment, MasterCard

Published In: Antitrust & Trade Regulation Updates, General Business Updates, Finance & Banking Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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