Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Visa Inc    V

Delayed Quote. Delayed  - 06/24 10:01:04 pm
75.05 USD   -4.06%
06/22DJAmEx to Limit Merchant Costs During Chip-Card Shift
06/22 VISA : Covered Call reports for Tesla Motors, ConocoPhillips, Transo..
06/22 RAIFFEISEN BANK : RBI announces the positive effect from the takeove..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

MasterCard says to appeal EU court fees ruling

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/24/2012 | 04:02pm CEST

MasterCard said it plans to appeal against a decision by Europe's second-highest court to dismiss its legal challenge to an EU ban on its cross-border credit card fees.

The Luxembourg-based General Court upheld a 2007 decision by the European Commission that MasterCard's cross-border multilateral interchange fee (MIF) levied on retailers' credit and debit card transactions breached EU antitrust rules and had to be changed.

"It is our intention to appeal as soon as we've analysed the more than 60-page judgment," MasterCard President Javier Perez said in a statement on Thursday. "We will likely continue to discuss with the Commission what would be the best way forward."

For the time being, MasterCard will continue to apply reduced cross-border fees imposed since 2009 in a bid to avoid penalty payments for not complying with the 2007 decision, Perez said.

(Reporting by Foo Yun Chee, writing by Charlie Dunmore; editing by Rex Merrifield)

Stocks treated in this article : Mastercard Inc, Visa Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on VISA INC
06/23 VISA INC. : Joins the Alliance for Safe Online Pharmacies
06/22DJAmEx to Limit Merchant Costs During Chip-Card Shift
06/22 VISA : Covered Call reports for Tesla Motors, ConocoPhillips, Transocean, Intern..
06/22 RAIFFEISEN BANK : RBI announces the positive effect from the takeover of Visa Eu..
06/22 VISA : payWave Leads to Drive Contactless Payments in India
06/22 CATELLA A : Confirmed non-recurring revenue for Catella following acquisition of..
06/22 VISA : completes acquisition of Visa Europe, appoints new board member
06/21 VISA INC. : Entry into a Material Definitive Agreement, Completion of Acquisitio..
06/21 VISA INC. : Completes Acquisition of Visa Europe
06/21 VISA : New acquisition and new CEO for Visa Inc.
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials