Previous article

The UK High Court concludes that multilateral interchange fees were not restrictive of competition and can be exempted under article 101(3) (MasterCard)

On 30 January 2017, the United Kingdom (UK) High Court handed down a judgment in favour of MasterCard in a damages claim brought by UK retailers (including Next, Acadia Group and Asda). The claimants alleged that MasterCard’s multilateral interchange fees (MIFs) were illegally restrictive of competition, claiming GDP 437 million in damages. MIFs are charges that are paid by a retailer to a cardholder's bank each time a cardholder makes a credit or debit payment. MasterCard argued that MIFs cover the costs of maintaining card systems. Following an investigation, the European Commission (Commission) decided in 2007 that MasterCard's EEA MIFs restricted competition between acquiring banks and inflated costs of card acceptance without generating countervailing efficiencies. The

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Ilan Sherr, The UK High Court concludes that multilateral interchange fees were not restrictive of competition and can be exempted under article 101(3) (MasterCard), 30 January 2017, e-Competitions Bulletin January 2017, Art. N° 83575

Visites 173

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues