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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

Visa Inc. (V), Mastercard Merchant Fees Infringe Competition Law, UK Tribunal Rules

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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80% Informative

A British tribunal ruled that Visa and Mastercard ’s default multilateral interchange fees charged to retailers breach European competition law.

Visa Inc. ( NYSE :V) disagreed with the decision and has sought permission to appeal against the ruling.

A company spokesperson was quoted as saying that interchange is a critical component to maintaining a secure digital payments ecosystem that benefits all parties.

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