• Firm sues MasterCard for £14bn over fees

    Firm sues MasterCard for £14bn over fees

    A British lawyer suing MasterCard for £14 billion over card charges accused the US financial giant on Friday of indirectly pushing up prices for all British consumers.

    “Our case is that businesses that had to pay these fees then naturally passed on their costs… to consumers,” Walter Merricks from law firm Quinn Emanuel said on BBC Radio 4’s Today programme.

    Mark Barnett, head of MasterCard in Britain, told the BBC that card services had benefited consumers, adding: “We will be vigorously defending […]