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European court rules against MasterCard on cross-border fees.
Europe’s second-highest court has rejected MasterCard’s challenge to a European Union ban on its cross-border credit and debit card fees.
The court ruling could mean competition regulators pursuing other card companies, such as Visa, over its fees.
The EU ban is intended aims to break down barriers to e-commerce and cut costs for Europe’s businesses.
Mastercard said it would appeal against the ruling.
http://www.euronews.com/2012/05/24/fees-setback-for-mastercard/
A good win for the EU over MasterCard and probably other credit card issuers in the future.
