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« September 7, 2003 - September 13, 2003 | Main | September 21, 2003 - September 27, 2003 »

September 19, 2003

Australia - RBA interchange reforms upheld

MasterCard and Visa lost their appeal of the changes to interchange rates and other credit card-related provisions made last year by the Reserve Bank of Australia. An appeal is expected.

September 17, 2003

Visa, MasterCard lose anti-trust ruling

The U.S. Court of Appeals for the Second Circuit today upheld an earlier district court decision in a case brought in 1998 by the U.S. Department of Justice.
"The defendants have failed to show that the anti-competitive effects of their exclusionary rules are outweighed by pro-competitive benefits," Judge Pierre Leval wrote in the 23-page decision on behalf of a three-judge panel.
A PDF file of the Appeals Court decision is available online. Looks like the next stop for this case is the US Supreme Court.

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