Organisation: MasterCard

The UK’s Competition Appeal Tribunal has banned Mastercard from putting forward a counterfactual defence against Walter Merricks’ class action that would have reduced the credit card company’s potential damages liability.

22 March 2023

A UK litigation firm plans to file another competition class action claim against Mastercard and Visa over their multilateral interchange fees, seeking an estimated £7.5 billion on behalf of businesses accepting consumer credit or debit cards.

21 February 2023

Counsel to Mastercard has claimed that the European Commission did not find all interchange fees to be unlawful as part of its infringement decision against the company and it could have charged legal rates absent its anticompetitive scheme.

17 January 2023

Walter Merricks has accused Mastercard of seeking “another bite of the cherry” in attempting to argue that absent its interchange infringement the credit card company would have set its fees at the highest possible rate that was legally allowed.

16 January 2023

Mastercard has argued there is no justification for the UK’s specialist competition tribunal to deprive the company of its limitation defence rights in Walter Merricks’ £17 billion class action lawsuit.

13 January 2023

The UK’s specialist competition tribunal has allowed Walter Merricks to allege Mastercard deliberately concealed facts in a multi-billion pound interchange fee class action, as the claimant seeks to fend off arguments his lawsuit is time-barred.

12 January 2023

Greece’s Competition Commission has identified weaknesses in the country’s growing financial technology market that could allow large and more established technology companies to exploit their access to data and foreclose start-ups.

04 January 2023