mastercard-logo

Mastercard faces £19bn lawsuit for imposing “anti-competitive” charges on UK consumers

Written by Joseph Nordqvist

Published: 04:25, July 6, 2016

Mastercard faces a £19bn lawsuit for imposing “anti-competitive” charges on British consumers.

It is one of the first class action lawsuits in the UK since the Consumer Rights Act of 2015 was introduced, allowing class action lawsuits to be brought in competition cases.

MasterCard allegedly infringed EU laws by imposing charges called “interchange” fees on the use of its debit and credit cards.

mastercard-logo
MasterCard processes payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use the “MasterCard” brand debit and credit cards to make purchases.

The fees have been called “illegal” and “anti-competitive”.

Walter Merricks, the consumer representative spearheading the claim, says all British consumers, not just MasterCard holders, have lost money as a result.

Merricks was quoted by the MailOnline as saying:

‘The prices of everything we all bought from 1992 to 2008 were higher than they should have been as a result of the unlawful conduct of MasterCard.

“To be clear, there is no question that MasterCard acted illegally in the way it conducted its business, a business that affects all of us. All of us overpaid to the tune of up to £19billion during a period lasting 16 years.

“Most of us did not know this, experts who study the retail economy knew it was happening – and so did MasterCard.

“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. This case should send a signal to companies that break competition laws at the expense of UK consumers that they do so at their financial peril.”



In a statement, MasterCard said it “firmly disagrees with the basis of this legal claim”.

The company added: “MasterCard is committed to providing ever more convenient, safe and secure payments to all our customers, including consumers, retailers, governments and banks.”

The law firm Quinn Emanuel is leading the case.

Boris Bronfentrinker, partner at Quinn Emanuel, told the Financial Times: “This is precisely the type of claim for which the new collective action regime was established. This is a landmark case where unlawful anticompetitive conduct has harmed UK consumers.”

Joseph Nordqvist Avatar

Other News

The AI boom is inheriting the geography of America’s old energy economy

Jul 31, 2026

Brands scale AI investment as consumers place greater value on reliability, survey finds

Jul 30, 2026

Customers may praise products they helped create even when they fail

Jul 30, 2026

Study links Uber and Lyft to higher local GDP, but overall job effects remain unclear

Jul 30, 2026

Why some industrial parks create thousands of jobs while others create almost none

Jul 29, 2026

Solar farms meet farming as AI robots work beneath the panels

Jul 28, 2026

Simple chemical treatment could make recycled car plastic almost as strong as new

Jul 28, 2026

Leaf spray could give farmers another tool against salty soil

Jul 28, 2026

Product recalls were linked to lower reported tax rates near year-end

Jul 27, 2026

Land degradation is linked to billions in lost farm output

Jul 26, 2026

Chile’s mining disruption exposes a hidden risk in the AI supply chain

Jul 26, 2026

Bad customer matching can make a profitable ad campaign look like a failure

Jul 26, 2026

1% of resumes contain hidden prompts to trick AI hiring tools

Jul 25, 2026

One fund transaction may have sent the wrong signal about bond investors

Jul 25, 2026

How Kuwait is raising $7.85 billion without selling its pipelines

Jul 25, 2026

Why Gruyère makers would rather make less cheese than cut prices

Jul 25, 2026

Consumer distrust grows twice as fast as trust, study finds

Jul 25, 2026

Autonomous vehicles may become mainstream in mines before they do on public roads

Jul 25, 2026

Allianz to buy HSBC Life Singapore for S$2.7 billion

Jul 24, 2026

Alphabet and Tesla AI spending worries shake tech stocks

Jul 24, 2026