MasterCard Faces EU Fines After Antitrust Complaint on Fees
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MasterCard Inc. faces fines after European Union antitrust regulators sent a formal complaint raising concerns over “artificially high” card-payment fees.
The EU’s statement of objections targets measures thwarting cross-border competition among banks that offer card services to retailers as well as excessive fees when foreign visitors go shopping in the 28-nation bloc, the European Commission said in an e-mailed statement on Thursday.