EU antitrust probe targets MasterCard fees

Brussels • The European Commission suspects credit card company MasterCard of slugging customers in the European Union with artificially high fees. Antitrust commissioner Margrethe Vestager said Thursday that the European Union’s executive arm suspects MasterCard “is artificially raising the costs of card payments, which would harm consumers and retailers in the EU.” The Commission’s concerns focus on “interchange fees” paid by a retailer’s bank to the bank of customers using their MasterCard. T...

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