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Mastercard fee found to infringe UK and EU competition law
On 6 September 2005, the OFT decided that the fee charged by banks issuing Mastercards and paid by the bank of the retailer accepting a Mastercard payment (the "multilateral interchange fee" or "MIF") infringes both the UK and the EC prohibition on restrictive agreements (Chapter I prohibition of the Competition Act 1998 and Article 81 EC Treaty).
UK
14 Sep 2005
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