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0 9.2148912642747E-05 -0.00235901216365642 0.00127165499447117 -0.00274603759675638 0.000165868042757154 0.000884629561371209 -0.00241430151124207
Stock impact report

UK court backs regulator's power to cap cross-border card fees [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The judgment confirms that the regulator can impose price caps on interchange fees linked to online card payments between the UK and the European Economic Area (EEA). According to a Reuters report, Mastercard, Visa and Revolut sought a judicial review after the regulator said in December 2024 that it would consult on capping interchange fees charged when EEA consumers buy online from UK merchants. The regulator has previously said it is concerned that Mastercard and Visa increased cross-border interchange fees to an “unduly high level”. Between 2021 and 2022, both card schemes raised interchange fees on online transactions between the UK and the EEA. Debit card interchange fees rose from 0.2% to 1.15%, while credit card interchange fees increased from 0.3% to 1.5%. The regulator has estimated that these changes added about £150m to £200m annually in extra costs for UK businesses, Financial Times reported quoting a briefing paper. In court, Mastercard , Visa and Revolut argu Show less Read more
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