|The EU ruling on MasterCard transaction fees – good news for retailers and other businesses|
|Thursday, 24 May 2012|
CMS Payments Intelligence comments on important ruling issued this morning. The European Union General Court upholds the European Commission’s decision against the way MasterCard sets interchange rates on European cross border credit and debit card payments that are unfair and anti-competitive.
Brendan Doyle, CEO of CMS Payments Intelligence, a specialist advisory firm that is working with UK retailers to have interchange fees reduced (and who is presenting a request for regulation to Chancellor George Osborne on behalf of over 20 major retailers and other interested parties on 31 May), said:
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