MasterCard Tells Court EU Fee Decision Is ‘Dangerous’
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MasterCard Inc. asked the European Union’s highest court to overturn a regulatory decision on transaction fees that ended its ability to set rates on cross-border credit-card payments.
MasterCard is challenging an EU decision that forces it to maintain reduced rates for the transaction fees that are paid by retailers. The EU court’s ruling, which will be final, will set a precedent for card payment systems in Europe.