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Mastercard expected to appeal ruling

By Nikki Tait in Brussels

Published: December 18 2007 17:36 | Last updated: December 18 2007 17:36

Mastercard is widely expected to launch an appeal if, as expected, the European Commission finds that its interchange fees on cross-border payments breach competition rules in a decision due to be announced on Wednesday.

Interchange fees are paid between banks servicing shops that accept credit cards and the banks servicing the cardholder. The European Commission accused the international payments company of charging excessively high fees on cross-border transactions in a statement of objections four years ago.

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