OFT launches MasterCard investigation

January 2006
Credit Control;2006, Vol. 27 Issue 1, p49
Trade Publication
The article reports that the Great Britain Office of Fair Trading (OFT) has established an investigation into MasterCard International Inc.'s new arrangements for setting the fallback interchange fees that apply to all domestic transactions made using Great Britain-issued MasterCard credit and charge cards. OFT claims that it has reasonable grounds for suspecting that the new arrangements infringe Article 27 and or the Chapter I prohibition of the Competition Act.


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