The EU Court of Justice confirms the ruling of the General Court on multilateral interchange fees (MasterCard)

On September 11, 2014 the Court of Justice handed down its judgment [1] in the multilateral interchange fees (MIFs) case dismissing MasterCard’s final appeal against the European Commission’s decision [2] that ordered MasterCard to withdraw its MIFs. Interchange fees are balancing payments made by the bank of a retailer to the cardholder’s bank for card-based payment transactions. MasterCard’s MIFs applied to all cross-border card payments in the EEA and to domestic card payments in Belgium, Ireland, Italy, the Czech Republic, Latvia, Luxemburg, Malta and Greece. The EU Commission prohibited MasterCard’s MIFs because the setting of multilateral interchange fees in the payment system operated by MasterCard constituted a decision by an association of undertakings which led to a restriction

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Giovanni Scoccini, The EU Court of Justice confirms the ruling of the General Court on multilateral interchange fees (MasterCard), 11 September 2014, e-Competitions September 2014, Art. N° 70049

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