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December 27, 2007
A price cap on interchange has the stamp of a Greek tragedy
...upkeep and improvement should be borne, in part, by the merchants choosing to take advantage of it. It is in large part because of a negotiated interchange fee system that community banks can vigorously compete to offer card acceptance services to merchants of all sizes. Whether in Europe or the US, I fail to see the...stunts the development of more advanced payment systems, and distorts a functioning marketplace in...
April 1, 2009
Mastercard agrees to cut fees in Europe
...sharply fees on cross-border credit card transactions in a deal with Europe’s antitrust authorities. In return, Brussels will stop pursuing the company over allegations its fee structure breached European competition...Europe’s competition commissioner, and others saying it should be a “first step...s 2007 decision, which found the interchange fees (MIFs) that Mastercard charged...interchange fee charged on consumer credit card transactions will fall to 0.3 per...aim of the new MIFs . . . is that a merchant’s costs in accepting card payments... By Nikki Tait in Brussels
August 31, 2005
MasterCard to go public and revamp structure
...second biggest payment card association...public company in an attempt to...mounting regulatory and legal threats...over the “interchange” fees that...transactions. In June, MasterCard and Visa, along...chairman of card consultants Lafferty...from further anti-trust lawsuits on...collusion on interchange fees. “European banks in particular are...MasterCard and Visa would themselves... By David Wighton in New York
October 20, 2005
Visa charging 'unduly high' card fees
...between Visa and its member banks on the fee charged to issuing banks and "merchant acquirers" - the retailers' banks...objections, which gives the companies in-volved time to respond before a...87bn, could be forced to reduce the fee or face fines. Visa's most senior...Hans van der Velde, president and chief executive of Visa Europe, said...with this continuing obsession with interchange. I don't see what they're trying to achieve here." Visa is...interchange fee is necessary to maintain the card system, and covers processing costs, a payment guarantee and the cost of giving customers... By Bob Sherwood and Tom Braithwaite
April 2, 2009
Mastercard strikes Brussels deal over fees
...sharply fees on cross-border credit card transactions in a deal with Europe's antitrust authorities. In return, Brussels will stop pursuing the company over allegations its fee structure breached European competition...Europe's competition commissioner, and others saying it should be a "first...s 2007 decision, which found the interchange fees (MIFs) that Mastercard charged...interchange fee charged on consumer credit card transactions will fall to 0.3 per...aim of the new MIFs . . . is that a merchant's costs in accepting card payments... By Nikki Tait in Brussels
November 29, 2009
Interchange fees
...reflects the networks’ pricing power and the growth of higher-fee payment methods, such as reward cards. The...has found signs of rising credit card fee levels and more complex pricing structures, although...fought over affluent cardholders. Interchange, after all, forms part of networks...intervention here, even with Congress in a mood to meddle. Moreover, international...
June 29, 2006
MasterCard charged over antitrust rules
...could prohibit MasterCard’s interchange fees if the Commission is ultimately...efficiencies of MasterCard’s interchange fees sufficiently outweigh any...on price competition be-tween merchant banks”. Interchange fees are paid between banks servicing...shops that accept credit cards and the banks servicing the cardholder...allegedly excessive interchange rates in the MasterCard network were...since some 45 per cent of all payment cards issued in Europe carry...and lack of competition within card networks harm consumers because...be found guilty, it also faces antitrust fines of up to 10 per cent of... By Tobias Buck in Brussels
February 9, 2010
Rebuff to Delta as JAL sticks with American
...from antitrust rules became possible in December when the US and Japan signed an “open skies” agreement...carrier, All Nippon Airways, is pursuing antitrust immunity for a venture with United Airlines and Continental, its US partners.According...Kyocera technology group, who was brought in by the government last month to oversee...for its part, had warned that US anti-trust authorities would balk at granting immunity...years, however, when the government re-privatises the airline to recover... By Jonathan Soble in Tokyo
June 16, 2009
Visa faces fresh antitrust move
...facing a fresh antitrust complaint about...on retailers for card transactions...of so-called "interchange fees" charged by Visa and Mastercard with officials in Brussels 12 years...cross-border card transactions. In a formal statement...commission alleged that interchange fees set by Visa...that accept credit and debit cards and...Visa interchange fee procedure to be...terms for credit card transactions... By Nikki Tait
February 1, 2007
Brussels targets 'rip off' credit card fees
...previous statements on the issue. Visa and MasterCard have long argued that abolishing interchange fees would bring chaos to the current payment system. Peter Ayliffe, the chief...abandoned the idea of abolishing the interchange fee" and applauded the regulator's "softening...previous reports". Both credit card groups have faced competition investigations...interchange fees. Visa settled its antitrust dispute with Brussels in exchange for lowering its fees... By Tobias Buck in Brussels