The EU Court of Justice AG Mengozzi suggests the Court of Justice uphold the Commission's decision prohibiting multilateral interchange fees (Mastercard)

González De Zárate Catón, Pablo

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30 Jan 2014

The EU Court of Justice AG Mengozzi suggests the Court of Justice uphold the Commission’s decision prohibiting multilateral interchange fees (Mastercard)

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Reference

EU Court of Justice Advocate General Mengozzi, MasterCard, Case C-382/12, 30 January 2014

Background information In its Decision of 19 December 2007 the Commission prohibited Mastercard's multilateral interchange fees (MIF) that apply to cross-border payments with MasterCard and Maestro-branded consumer credit and debit cards between Member States of the European Economic Area (EEA). The Decision involved no fines, but compelled MasterCard to withdraw its cross-border MIF by June 2008 and set daily penalty payments in the event of non-compliance [1] . The Decision was fully upheld by the EU General Court on 24 May 2012 (T-111/08). On 30 January 2014 Advocate General (AG) Mengozzi proposes the Court of Justice to dismiss all the appeals against the judgement of 24 May 2012. Payment card transactions levy interchange fees between the cardholder's bank ("issuing bank") and

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Author

Pablo González De Zárate Catón
Ramón y Cajal (Madrid)

Spain 11 contributions 4000 visits

Quotation

Pablo González De Zárate Catón, The EU Court of Justice AG Mengozzi suggests the Court of Justice uphold the Commission’s decision prohibiting multilateral interchange fees (Mastercard), 30 January 2014, e-Competitions January 2014, Art. N° 64528

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