Merchants applaud further Commission action on card fees

EuroCommerce and the European Retail Round Table (ERRT) are delighted to give their unequivocal support to the further antitrust action taken today by the European Commission against MasterCard’s inter-bank fees Christian Verschueren, Director-General of EuroCommerce said, “This is excellent news for consumers and retailers across Europe who have suffered long enough from the unjustifiably high fees and the anticompetitive practices of the card schemes. Despite a Commission decision and a European Court judgment, card fees in many Member States remain far too high.”