Tuesday, 27 October 2026

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Visa and Mastercard threatened with potential £5bn UK lawsuit over interchange fees

Application made for group claim seeking compensation for companies for alleged overcharging on customer card paymentsBusiness live – latest updatesVisa and Mastercard are being threatened with a potential £5bn lawsuit for allegedly stifling competition and charging UK businesses excessive fees.The law firms Harcus Parker and Hausfeld have lodged an application at the Competition Appeal Tribunal in hopes of pursuing a…

Application made for group claim seeking compensation for companies for alleged overcharging on customer card paymentsBusiness live – latest updatesVisa and Mastercard are being threatened with a potential £5bn lawsuit for allegedly stifling competition and charging UK businesses excessive fees.The law firms Harcus Parker and Hausfeld have lodged an application at the Competition Appeal Tribunal in hopes of pursuing a…

Read the full story on Business | The Guardian

Source: Business | The Guardian

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