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Euronet needs ‘freedom’ from Mastercard, Visa over cash-machine fee rules, UK judge told

By Simon Zekaria ( October 19, 2020, 16:30 GMT | Insight) -- Euronet 360 Finance told a judge today that it needed “freedom” from Mastercard and Visa to set its own commercial rules as it clashed with the card giants ahead of a trial over a UK antitrust lawsuit. Mastercard and Visa are being sued for damages by the UK arm of US electronic payment services provider Euronet Worldwide for losses due to alleged anticompetitive arrangements for cash-machine transactions in the Czech Republic, Poland and Greece. The parties clashed today at a hearing to shape the case to trial, expected around or after October 2022.Euronet 360 Finance told a judge today that it needed “freedom” from Mastercard and Visa to set its own commercial rules, as it clashed with the payment card giants ahead of its UK antitrust lawsuit trial over European cash-machine fees. ...

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