The UK court will rule on exchange fees against Mastercard and Visa

The UK Supreme Court has decided to unanimously uphold an earlier Court of Appeal ruling finding that the multilateral exchange fees (MIF) set by US card issuing giants Mastercard and Visa are indeed anti-competitive.

It is up to the Competition Appeal Tribunal (CAT) to calculate the extent of traders’ losses

Yesterday the major UK supermarkets Asda, Sainsbury and Morrisons breathed a sigh of relief when they learned that billions may be in the settlement …

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