Wednesday, January 23, 2019

EU fines Mastercard $648m over cross-border barriers

"By preventing merchants from shopping around for better conditions offered by banks in other member states, Mastercard's rules artificially raised the costs of card payments, harming consumers and retailers in the EU," European Competition Commissioner Margrethe Vestager said in a statement.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2HAmFBU

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