General Court rejects MasterCard appeal

Thursday, 24 May 2012

The General Court rejected MasterCard's appeal
The EU General Court has upheld a decision by the European Commission to force MasterCard to remove some of its interchange fees.

Visa and MasterCard head to court in Canada

Tuesday, 08 May 2012

The hearing opens today before the Competition Tribunal in Ottawa
Canada’s Competition Bureau will today open its prosecution of the world’s two major credit card companies, Visa and MasterCard, in a case that it hopes will serve as a positive bellwether for future case litigation.

McInnes goes in-house at MasterCard

Monday, 23 April 2012

Scott McInnes
Scott McInnes is departing Jones Day’s Brussels competition practice to join MasterCard's in-house legal team as regional counsel for Europe.

Visa and MasterCard sued by ATM operators

Thursday, 13 October 2011

Independent ATM machine
A professional association of automated teller machine (ATM) operators has filed a class action lawsuit against Visa and MasterCard for restrictive business practices.

Deal to end DoJ case against Visa and MasterCard finalised

Thursday, 21 July 2011

A federal court has given its final approval to a settlement agreement between the US government, and credit card companies Visa and MasterCard that officially ends the DoJ’s antitrust case against them.

Setback for Italian authority as court quashes MasterCard decision

Wednesday, 20 July 2011

Credit card company MasterCard and eight banks have succeeded in their appeals against a competition authority ruling that they had inflated the cost of interchange fees.

Wikileaks goes after Visa & MasterCard

Friday, 15 July 2011

Credit card payment services company DataCell and news website Wikileaks have filed a competition complaint with the European Commission against Visa and MasterCard, alleging restrictive practices and abuse of dominance.

Court suspends IAA MasterCard decision

Premium Article - Wednesday, 02 February 2011

Italy’s Administrative Court has shelved a decision by the country’s Antitrust Authority to fine MasterCard for allegedly inflating interchange fees on credit card transactions.

Canada targets credit card retailer rules

Premium Article - Friday, 17 December 2010

Canada’s Competition Bureau has filed an application with the country’s competition tribunal to stop Visa and MasterCard imposing anti-competitive rules on merchants who accept their credit cards as a form of payment.

MasterCard victorious in landmark Italian appeal

Premium Article - Friday, 19 November 2010

Credit card company MasterCard has won an appeal against Italy’s Competition Authority, after the agency rejected the company’s proposed commitments to allay concerns that it inflated the cost of interchange fees.

MasterCard hit over interchange fees in Italy

Premium Article - Monday, 08 November 2010

MasterCard fined in Italy
Italy’s Antitrust Authority has fined credit card company MasterCard and eight banks more than €6 million for allegedly charging inflated interchange fees on credit card transactions.

Amex hit with DoJ antitrust suit

Premium Article - Tuesday, 05 October 2010

The US Department of Justice has sued American Express, saying that its merchant rules limit consumer choice and violate antitrust laws.

Mastercard & Visa nearing DoJ settlement

Premium Article - Monday, 04 October 2010

Visa and Mastercard in settlement talks
Credit card companies Mastercard and Visa are close to agreeing a settlement with the US Department of Justice’s antitrust division over its long-running investigation of merchant surcharges, according to press reports.

Amex sued over anti-steering rules

Premium Article - Wednesday, 16 June 2010

A national retailers' association has sued US credit card company American Express, claiming the company’s rules against merchants recommending less expensive forms of payment gives it an unfair monopoly over its products.

Morgan Stanley granted part of Discover antitrust settlement

Premium Article - Wednesday, 06 January 2010

Morgan Stanley wins part of Discover settlement
A federal judge has sided with financial firm Morgan Stanley in its disputed separation from Discover Financial Services, allowing the bank to collect part of an antitrust settlement Discover was awarded in 2008.

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