EU court confirms MasterCard fees ruling
The European Union's top court ruled Thursday that US credit-card giant MasterCard was at fault over its fees on cross-border transactions, which it said restricted competition.
(AFP) The European Union's top court ruled Thursday that US credit-card giant MasterCard was at fault over its fees on cross-border transactions, which it said restricted competition.
Upholding a 2007 finding which MasterCard had appealed, the European Court of Justice said the company's use of interchange fees had forced merchants to put up prices for customers.
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