Visa and MasterCard claims are “fanciful”, retailers tell UK Supreme Court

Charley Connor

22 January 2020

Visa and MasterCard claims are “fanciful”, retailers tell UK Supreme Court

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Retailers have pushed back against Visa’s and MasterCard’s claims that their interchange fees are exempt from competition law, arguing that any purported benefits must go to merchants – not cardholders – to outweigh the fees’ restriction of competition.