The infringement ended when Mastercard amended its rules in view of the entry into force on new regulations of interchange fee caps in December 2015.Prior to that, Mastercard obliged acquiring banks to apply the interchange fees of the country where the retailer was located. Mastercard is facing a €570m ($650m) penalty for breaching EU antitrust rules on cross-border payments. The European Commission said the bank had abused its dominant position in Europe by charging fees to merchants that were higher than those charged by rivals.
Mastercard is facing a €570m ($650m) penalty for breaching EU antitrust rules on cross-border payments. The European Commission said the bank had abused its dominant position in Europe by charging fees to merchants that were higher than those charged by rivals.