Organisation: Visa Inc.

Visa rebuffs umbrella claimants’ call for by-object analysis

Counsel to Visa says it’s “surprising” that merchants seeking damages over anticompetitive card fees claim certain charges are a by-object infringement, given they failed to claim such in the 50 years it has been on the European Commission's radar.

15 February 2024

UK claimants begin bid to extend Visa and Mastercard interchange liability

Visa and Mastercard’s claims that the sky would have fallen in had they not imposed multilateral interchange fees is “simply not borne out by the evidence”, counsel to umbrella claimants has said.

14 February 2024

Interchange fee saga: CAT wrong on individual lawsuits, Visa, Mastercard say

Visa and Mastercard say the UK’s Competition Appeal Tribunal incorrectly rejected their argument that individual lawsuits would be more appropriate than collective proceedings for alleged business victims of excessive interchange fees.

09 February 2024

Apple colluded with Visa and Mastercard on mobile payments, merchants say

Apple, Visa and Mastercard conspired to stifle competition for “tap and pay” payment card processing services, a proposed class of merchants has alleged.

18 December 2023

Mastercard follows Visa in settling standalone claim from ATM operator

An ATM operator that accused Mastercard and Visa of unlawfully blocking it from charging cash withdrawal fees has settled its remaining claim against Mastercard ahead of a 10-week trial in the UK.

16 October 2023

CAT sets trial roadmap for pass-on in interchange fee class actions

The UK’s specialist competition tribunal has laid out a blueprint for a trial to assess pass-on that will affect thousands of interchange fee claims after the parties failed to agree on how to address the issue.

06 October 2023

Visa dodges standalone claim ahead of UK trial

An ATM operator that accused Mastercard and Visa of unlawfully blocking it from charging cash withdrawal fees has settled its claim against the latter on the eve of a 12-week trial.

02 October 2023

Interchange fee claimants can’t rely on EU limitation law, CAT rules

Interchange fee claimants have suffered a significant blow after the UK’s specialist competition tribunal held that EU statute of limitation rules do not apply to their claims – a decision that could be worth billions of pounds in damages.

27 July 2023

UK interchange fee claimants must be subject to cross-examination, Mastercard argues

The UK’s specialist competition tribunal should reject interchange fee claimants’ push to use survey data as factual evidence instead of individual oral testimony at trial, Mastercard has said.

24 May 2023

Interchange fee claims are not bound by EU limitation rules, Visa and Mastercard say

Visa and Mastercard have urged the UK’s specialist competition tribunal to apply domestic statute of limitations rules to interchange fee claimants seeking billions of pounds in damages from the card companies.

25 April 2023

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