Commission welcomes EU court ruling over Mastercard cross-border fees

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The European Court of Justice ruled on Thursday that MasterCard broke competition law when setting interchange charges for cross-border card payments. The European Commission welcomed the court’s decision.

According to the EU’s executive, “today’s judgment is important, because it endorses over 20 years’ work by the Commission and national competition authorities to create a well-functioning cards market in the EU and bring the MIFs into line with competition rules.”

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