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​Mastercard expects $650 million fine in EU probe of card rules

By Lewis Crofts ( December 4, 2018, 11:19 GMT | Insight) -- Mastercard said the European Commission will fine it approximately $650 million in an investigation into rules that might limit merchants' freedom to procure card services. This decision is separate to a move today by Mastercard and Visa to reduce fees on non-European cards used inside the EU to avoid a full antitrust sanction.Mastercard said the European Commission will fine it approximately $650 million in an investigation into rules that might limit merchants' freedom to procure card services....

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