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MasterCard faces EU antitrust probe

Regulators are investigating the company’s practice of charging fees to non-EU card holders who make card purchases within the region

European vacations are expensive enough without having to pay extra credit card fees when purchasing that Eiffel Tower souvenir. But those fees will be short-lived if regulators at the European Commission get their way.

The antitrust authority recently launched an investigation into MasterCard Inc.’s practice of charging non-EU card holders for using their credit and debit cards to make purchases within the 27-state region. The regulators are also scrutinizing the company’s “honor all cards” policy, which requires merchants to accept premium cards, which come with higher fees.

Alanna Byrne

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