MasterCard to fight EU payment ruling

MasterCard Europe has applied to the European Court of First Instance, March 2008, to annul the European Commission's decision on MasterCard Europe's cross-border interchange fees, and said it believes it has strong grounds for its request. The December 2007 decision requires the company, among other things, to repeal its intra-EEA fallback interchange fees by June 21.

MasterCard: Press Release, 3.3.08: MasterCard Files Appeal of European Commission Decision http://www.mastercard.com/us/company/en/newsroom/pr_EC_Decision_Appeal.html

ESO: Background information: Brussels tells MasterCard to drop fees http://www.europeansources.info/record/brussels-tells-mastercard-to-drop-fees/

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