Mastercard, Visa dealt UK appeals court blow. Where next for interchange fee litigation
10 Jul 2018 12:00 am
Mastercard and Visa suffered a blow after a UK appeals court ruled on claims brought by a host of retailers and said the payment-card operators’ interchange fees are unlawful. Key questions on the fees, which have been subject to litigation across the world for over a decade, now go to a specialist court. And a consumer class-action over the charges is also capturing headlines.