{"id":232960,"date":"2019-01-23T06:59:16","date_gmt":"2019-01-23T05:59:16","guid":{"rendered":"http:\/\/www.travelreport.se\/?p=232960"},"modified":"2024-02-02T12:26:05","modified_gmt":"2024-02-02T12:26:05","slug":"mastercard-receives-billion-euro-fine-from-eu-for-competition-violations","status":"publish","type":"post","link":"https:\/\/www.travelreport.se\/en\/mastercard-far-miljardboter-av-eu-for-konkurrensbrott\/","title":{"rendered":"Mastercard receives billion-euro fine from EU for competition violations"},"content":{"rendered":"

\"\"<\/a>
Photo: newsroom.mastercard.com<\/figcaption><\/figure>
\nOn Tuesday, the European Commission fined the card company Mastercard 570 million euros, equivalent to almost 6 billion kronor, for violating EU competition rules.<\/p>\n

Mastercard has limited merchants' ability to benefit from better terms from banks in other EU countries.<\/p>\n

The Commission announced this in a press release on Tuesday.<\/p>\n

\u201dBy preventing merchants from seeking better terms from banks in other EU countries, Mastercard\u2019s rules have raised the costs of card payments and harmed consumers and retailers in the EU,\u201d said EU Competition Commissioner Margrethe Vestager in a comment.<\/p>\n

When consumers use credit or debit cards, the merchant's bank pays an interchange fee to the consumer's bank. Mastercard's rules forced merchants to use their home country's interchange fees. This meant merchants could not take advantage of offers from banks with lower fees.<\/p>\n

The Commission began its investigation in April 2013. In December 2015, a cap on the fee was introduced.<\/p>\n

Source: di.se<\/p>","protected":false},"excerpt":{"rendered":"

EU-kommissionen d\u00f6mde p\u00e5 tisdagen kortf\u00f6retaget Mastercard till 570 miljoner euro, motsvarande n\u00e4stan 6 miljarder kronor, i b\u00f6ter f\u00f6r brott mot EU:s konkurrensregler. Mastercard har begr\u00e4nsat handlares m\u00f6jlighet att dra nytta av b\u00e4ttre villkor fr\u00e5n banker i andra EU-l\u00e4nder. Det tillk\u00e4nnagav kommissionen i ett pressmeddelande p\u00e5 tisdagen. ”Genom att hindra handlare att leta efter b\u00e4ttre villkor […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[2666,2667,419,890,2208],"class_list":["post-232960","post","type-post","status-publish","format-standard","hentry","category-travel-report","tag-bank","tag-betalkort","tag-eu","tag-kort","tag-mastercard"],"acf":[],"yoast_head":"\nMastercard f\u00e5r miljardb\u00f6ter av EU f\u00f6r konkurrensbrott – Travel Report<\/title>\n<meta name=\"description\" content=\"Mastercard f\u00e5r miljardb\u00f6ter av EU f\u00f6r konkurrensbrott \u2013 L\u00e4s senaste nyheterna fr\u00e5n resebranschen p\u00e5 Travel Report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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