Brussels, 09/04/2013 (Agence Europe) - On Tuesday 9 April 2013, the European Commission decided to launch a formal investigation to investigate whether MasterCard violated EU anti-trust rules by abusing its dominant position in the European Economic Area (EEA). It suspects that the inter-bank fees used by MasterCard are anti-competitive. The Commission is also examining similar inter-bank fees used by Visa (see EUROPE 10667).
European companies and consumers make more than 40% of their...