Wednesday, February 12, 2003

OFT's preliminary conclusion on Mastercards' Multilateral Interchange Fee

The UK Office of fair trading has released a press statement and

report in which it essentially explains that the MasterCard agreement, containing a multilateral interchange fee for credit-cards does not comply with competition law. It is a preliminary statement, but if the OFT does the same as the Reserve Bank Australia, their position will have an impact on the UK and European market.

Download the full OFT report.