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Company Statement: MasterCard Europe reaches interim arrangement with European Commission on cross-border interchange fees - Appeal of the Commission’s December 2007 decision to continue

( April 1, 2009, 10:30 GMT | Official Statement) -- Extract: MasterCard Europe said today that it had reached an understanding with the European Commission on interim interchange fees for cross-border consumer payments within the European Economic Area (EEA). New interchange fees will be set for these transactions while the company pursues its appeal of the Commission’s December 2007 decision regarding interchange. MasterCard Europe had temporarily reduced these fees to zero in June 2008 in order to ensure its conformity with the decision.Waterloo, Belgium and Purchase, NY - April 1 2009 MasterCard Europe said today that it had reached an understanding with the European Commission on interim interchange fees for cross-border consumer payments within the European Economic  Area (EEA). New interchange fees will be set for these transactions while the company pursues its appeal of the Commission’s December 2007 decision regarding interchange. MasterCard Europe had temporarily reduced these fees to zero in June 2008 in order to ensure its conformity with the decision....

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