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Merricks Mastercard class action over card fees to be included in UK merchants' proceedings

( May 31, 2024, 16:00 GMT | Official Statement) -- MLex Summary: A mass claim against Mastercard over inflated card fees is to be included as party in separate proceedings against Mastercard and Visa over the same matter from a range of merchants, the Competition Appeal Tribunal has ruled. The CAT said a trial on "pass-on" of the fees is "is unlikely to cause any party material prejudice." The payment-card groups are the target of claims seeking compensation over their card fees, but the groups say the financial losses were mitigated by being passed on.Ruling attached....

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