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European Interchange Reform Delayed (via Reuters)
According to Reuters, the expected EU proposals for interchange fees has been delayed. It was to be released any day, but will now occur within the next few weeks, or perhaps not until next year. We...
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“EU’s Kroes Warns Banks on Payments” (via AP)
EU Antitrust Chief Warns That New Bank Payment System Should Not Cost Customers More. The EU’s antitrust chief Neelie Kroes warned banks on Monday that a new payment system should not be allowed to...
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MasterCard Interchange Fees Are Illegal: EU Ruling Expected to Announce Next...
According to Thompson Financial News (Dec 14) [click here to read article], next week the European Commission will rule that MasterCard’s charges are illegal and violated the law. According to the...
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MasterCard Expected to Appeal EU Ruling: The Financial Times
According to The Financial Times (Dec 18), “ Mastercard is widely expected to launch an appeal if, as expected, the European Commission finds that its interchange fees on cross-border payments breach...
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“Retailers Say U.S. Should Follow European Ruling Ordering MasterCard to...
[Businesswire, Dec 19] The National Retail Federation today welcomed a ruling by the European Commission that hidden fees currently charged by MasterCard to process credit card transactions in Europe –...
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“EU’s McCreevy Pushes for New Payment Card Schemes” (via Reuters)
Click here to read entire (Jan 28) article by Reuter’s Huw Jones. Want to know more about lead plaintiff ScanMyPhotos.com? Click here and read their daily blog: Tales from the World of Photo...
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