EU up against MasterCard
The EU's executive body said MasterCard may have violated EU antitrust rules by fixing the fees of millions of retailers they must pay for accepting its payment cards. The Commission sent a supplementary statement of objections (SO) to the company on June 23 related to the company's "cross-border interchange fees," or inter-bank fees paid by merchant banks to card-issuing banks for over-the-counter payments with a MasterCard or Maestro payment card. MasterCard issues 45% of all credit and debit cards in Europe. (Vg)
MOL and O&GD Discover New Oil Reserve Near Tura
Hungary Expects Progress From EU on Erasmus+ Matter
Airport Developments Exceed HUF 130 bln
7th Edition of BSC Charity Beach Volleyball Tournaments Comi...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
