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Cutting MasterCard’s fees would ‘drive us from the market,’ UK court hears (update*)

By Sille Ruubel ( January 27, 2016, 16:37 GMT | Insight) -- MasterCard told a London court today that its card fees in the UK had never restricted competition and that slashing those charges would jeopardize its ability to take on Visa and American Express. Cutting its "interchange fees" to zero or to a lower level — as Sainsbury has suggested it should — would prevent MasterCard from competing with other card networks, the payment operator said.MasterCard told a London court today that its card fees in the UK had never restricted competition and that slashing those charges would jeopardize its ability to take on Visa and American Express....

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