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Mastercard, Visa Face Payouts to Retailers After Top Court Case

  • Credit card firms lose fight against supermarkets on fees
  • U.K.’s top judges say there should be ‘finality’ in litigation
In this photo illustration a Visa credit card and Mastercard

Photographer: SOPA Images//Getty Images

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The U.K.’s top judges ruled in favor of retailers including J Sainsbury Plc in a blow to credit-card companies that could now face billions of pounds in damages.

The Supreme Court dismissed an appeal by Visa Inc. and Mastercard Inc., ruling that fees the companies were charging shops restrict competition.