Retailers Seek To Challenge Card Swipe Fees Decision

By Sophia Dourou (July 25, 2022, 5:49 PM BST) -- Hundreds of U.K. retailers urged an appeals court on Monday to rule that Visa and Mastercard overcharged them on swipe fees in the period after the European Union passed legislation capping the charges.

The retailers — including High Street names such as Dune Shoes and Odeon Cinemas, as well as local councils — told the Court of Appeal to find that a ruling by the U.K. Supreme Court against the credit card giants on their so-called multilateral interchange fees should also apply for the period after an EU fee-capping law came into force.

The Competition Appeal Tribunal ruled in favor of...

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