The EU Commission sends a statement of objections to a credit card company regarding its cross-border rules and inter-regional interchange fees (Mastercard II)

Antitrust: Commission sends Statement of Objections to MasterCard on cross-border rules and inter-regional interchange fees* The European Commission today has sent a Statement of Objections to MasterCard. The Statement of Objections outlines the Commission's preliminary view that MasterCard's rules prevent banks from offering lower interchange fees to retailers based in another Member State of the European Economic Area (EEA), where interchange fees may be higher. As a result, retailers cannot benefit from lower fees elsewhere and competition between banks cross-border may be restricted, in breach of European antitrust rules. The Statement of Objections also alleges that MasterCard's interchange fees for transactions in the EU using MasterCard cards issued in other regions of the

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European Commission, The EU Commission sends a statement of objections to a credit card company regarding its cross-border rules and inter-regional interchange fees (Mastercard II), 9 July 2015, e-Competitions July 2015, Art. N° 88978

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