Mastercard, Visa and Revolut lose UK legal challenge over card fees [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
The three companies brought their case to London's High Court after the Payments System Regulator (PSR) announced in December 2024 that it would consult on capping fees charged when European consumers make online purchases from UK businesses. Judge John Cavanagh rejected the challenge, ruling that the PSR does have the authority to impose its proposed price caps on interchange fees. The level and timing of these caps have not yet been determined. The PSR had previously expressed concerns that Mastercard and Visa had increased fees to an "unduly high level." The British government had announced last year that it would abolish the PSR to reduce regulatory burden in favor of economic growth. In earlier statements, Visa had disputed the PSR's findings, arguing that price caps can "negatively impact the value people and businesses receive" from card payments. Related articles Mastercard, Visa and Revolut lose UK legal challenge over card fees Nvidia's new Alpamayo project: Wha
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MA
Earnings
- 10/30/25 - Beat
MA
Sec Filings
- 12/8/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 3
- MA's page on the SEC website