Mastercard was hit with an eye-watering $648.2 million (€570.6 million) fine from the European Commission, due to artificial costs for card payments in the European Union. The Commission concluded that Mastercard’s business practices, through December 9, 2015, breached Article 101 of the Treaty of the Functioning of the European Union which prohibits companies from restricting competition […]The post Mastercard Fined $648.2 Million for Restricting Cross-Border Payment Options appeared first on The Daily Hodl.
