Could the EU Ruling on Interchange Fees Be Good News for Retailers Doing Business Across the Pond?

Why the Controversy?
This has been an issue globally for some time. Even in the U.S., where it's been investigated and settled, disagreement around interchange fees continues, and it remains a high concern for anyone doing business in Europe.

The EU Court found that MasterCard interchange fees for European cross-border payments have been much too high and, due to its strong market position, this is an antitrust issue. This decision will also have an effect on outstanding domestic European lawsuits with Visa.