EU fines Mastercard more than half a billion euros
22 Jan 2019; DW: The EU has fined Mastercard €570 million for limiting competition between banks offering cheaper payment fees. The European Commission said Mastercard's actions harmed consumers and retailers in the bloc.
The European Commission on Tuesday fined Mastercard €570 million ($648 million) for preventing retailers from looking for better card payment terms at banks around Europe.
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