EU raps MasterCard over fees

Article Abstract:

The European Commission has required MasterCard International Inc. to drop specific fees it currently applies to debit- and credit-card transactions, stating that MasterCard's actions constitute cartel behavior. The Commission has given MasterCard six months to comply, after which the credit card firm will face fines up to $350,000 per day. MasterCard is appealing the directive.

Europe, Government regulation (cont), Government regulation, International economic relations, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Antitrust Law, Laws, regulations and rules, European Union. European Commission, Antitrust issue, Trade policy

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MasterCard's key sponsorship save: return of World Cup rights gives network big platform to win over Latin America

Article Abstract:

A New York federal district court judge has ruled that the International Federation of Association Football (FIFA) must give a sponsorship deal for Latin America to MasterC ard International Inc., even though it al ready had a contract with Visa International. FIFA plans to appeal the ruling.

Marketing procedures, Switzerland, Contracts & orders received, Latin America, Contracts & orders let, Sales Promotion-Sports, Marketing, Contracts, Sports sponsorship, Contract agreement, Company marketing practices, International Federation of Association Football, Visa Inc.

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MasterCard sues Visa over debit-issuer fees

Article Abstract:

MasterCard International Inc. has filed a lawsuit against Visa USA Inc. over the use of allegedly coercive tactics in preventing some of the former's member banks from leaving Visa to join rival organizations. MasterCard filed the suit in the U.S. District Court in New York.

United States, Visa U.S.A. Inc.

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