MasterCard is facing a claim of up to £19bn in damages in a UK collective action over card charges that were passed on to shoppers. This is a landmark case where unlawful anti-competitive conduct has harmed UK consumers. Merricks claimed the total damage caused to UK consumers could be as much as £19bn, equating to hundreds of pounds for each shopper. “My aim is to get the redress to which UK consumers are entitled and to ensure that MasterCard cannot hold on to the illegal profits it made. “MasterCard is committed to providing ever more convenient, safe and secure payments to all our customers, including consumers, retailers, governments and banks.”

Source: The Guardian July 05, 2016 22:52 UTC