that the card networks' fees that are charged between issuers, acquirers, and merchants breach an existing treaty's rules on competition, potentially leading to Mastercard and Visa having to repay merchants for fees and limiting their ability to charge such fees going forward., and the Supreme Court ultimately looked at appeals from three separate proceedings involving retailers like Sainsbury's, Asda, and Argos.
The court found that the card networks' fee structures created a non-negotiable price floor for merchant fees, potentially hurting merchants' businesses. Acquirers charge merchants a merchant service charge to accept card payments. So when issuers pay acquirers when consumers make a transaction with one of their cards, acquirers send the payment to the merchants after taking out the MSC.
Under Mastercard's and Visa's card schemes, acquirers "invariably" pay issuers a default interchange fee for transactions that acquirers pass on to merchants via their MSC.
If this ruling holds in the UK, and if the EU follows suit, it could prove costly for card networks, issuers, and acquirers. Mastercard and Visa may have to repay fees or other damages to merchants in response to the ruling. Sainsbury's aims to collect payments to match all of the "unlawful" charges it has faced from Mastercard and Visa, Sainsbury's lead counsel Morgan Lewis told Reuters.
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
30 quotes that take you inside Albert Einstein's brilliant mind - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Einstein had a brilliant mind but also had a set of brilliant Maths Proffs on his team, Einstein had a vision and an idea and would get the maths worked out with his team of Maths Proffessors.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »
US will 'push off' UK trade deal with the UK over food standards - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Foia USA Demands What say YOU BorisJohnson and your Pro USA Cabal/Mafioso? QUBFoodProf FoodEthicist JoannaBlythman itsjillgardner You couldn’t see this one coming...oh no wait, you could see it from a mile away
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »
How to find and build online community, according to a Salesforce SVP - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. mlaxros Building community while we're all stuck at home is so important. Thanks for the tips!
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »
The most recession-proof jobs in cannabis right now, according to recruiting experts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. TheCannaWriter I guess it’s pretty simple if you think about it. When things are terrible people like to get high. TheCannaWriter Hemp farms putting all pot grower's out of business. Takes a very very contained building to grow pot, times change, buy a clone, going to go male, seeds.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »
How to set up a successful Etsy store, according to real sellers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. JennyPowersBK This is a great example of non Unicorn founder mentality: Interesting read - can this love affair of Unicorns be more sustainable? Do you dream of Unicorns or Cockroaches, Zebras and Camels!
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »