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May 19, 2015

EU regulators to slap MasterCard with antitrust complaint over payment fees – report

MasterCard may, reportedly, be hit with an antitrust complaint from European Union regulators over its card payment fees.

By Verdict Staff

MasterCard may, reportedly, be hit with an antitrust complaint from European Union regulators over its card payment fees.

EU regulators are expected to send a statement of objections to MasterCard before the end of July 2015, reported Bloomberg.

The publication said that these filings in anti-trust investigations are generally considered to be a precursor for fines.

In 2013, the EU antitrust regulator said it would investigate MasterCard’s honor all cards rule that obliges a merchant to accept all types of cards from the company.

The EU regulators have been focusing on payment fees on credit- and debit-cards for over a decade and also warned the way the charges are collectively agreed on is anti-competitive.

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