Reported about 5 hours ago
A London tribunal has ruled that Visa and Mastercard's multilateral interchange fees charged to retailers violate European competition law, marking a significant victory for merchants affected by these fees. The decision stems from lawsuits filed by hundreds of merchants and represents the first finding of such breaches in the UK. Both companies plan to appeal the ruling, asserting that these fees are essential for maintaining a secure digital payment system.
Source: YAHOO