Skip to comments.EU Antitrust Regulators Zero in on MasterCard Fees
Posted on 04/10/2013 10:08:56 PM PDT by Olog-hai
The European Commission launched a probe on Tuesday into whether inter-bank fees charged by MasterCard (MA) may be hurting competition in Europe and running afoul of antitrust rules.
The investigation comes as part of a broader look at fees in the card industry, including a similar probe of card giant Visa (V).
Noting that European consumers and businesses are making more than 40% of their non-cash payments each year by card, the EC said it has a priority to prevent competition distortions in inter-bank arrangements on fees and other conditions.
The EC said it is concerned that some of MasterCards inter-bank fees and other practices may be anti-competitive.
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