Mastercard and Visa Face New £5bn Group Claim
9 Articles
9 Articles
It relates to economic damage that British businesses have suffered since 2020 due to lack of competition
The two global payment giants, Mastercard and Visa, are facing a lawsuit in a London court of around £5 billion (€5.97 billion) in relation to the hypothetical economic damage that British businesses would have suffered in the past six years due to lack of competition in the sector. Read
Visa, Mastercard Face £5bn UK Claim Over Card Fees
Visa and Mastercard face a potential multibillion-pound compensation claim in the UK after law firms Harcus Parker and Hausfeld filed collective proceedings applications at the Competition Appeal Tribunal (CAT), alleging that businesses were overcharged on consumer card transactions over six years.The claims, filed on October 26, 2026, seek compensation for alleged excessive multilateral interchange fees (MIFs) on Visa and Mastercard consumer de…
Mastercard: CAT must “clarify” eligibility of claimants in opt-in collective proceedings
Mastercard has urged the UK’s Competition Appeal Tribunal to provide “certainty” on which businesses should be included in an opt-in class action accusing the company and Visa of imposing unlawful fees on card transactions.
Mastercard and Visa face proposed £5bn UK claim over interchange fees
Harcus Parker and Hausfeld seek to bring an opt-out claim covering 1m UK businesses, the latest in a run of UK legal and regulatory action on card fees. Visa and Mastercard are facing a proposed £5bn ($6.66bn) collective claim at the Competition Appeal Tribunal (CAT) regarding the interchange fees British businesses have paid on card […]
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