London, UK, 2014-1-31 — /EPR Retail News/ — Today, an adviser to Europe’s top court has backed long-term legal efforts to end the excessively high costs retailers pay banks to process card payments. Advocate General Paolo Mengozzi has advised that the court should “dismiss the main appeal” from Mastercard.
Tom Ironside, British Retail Consortium Director of Business and Regulation, said: “Advocate General Paolo Mengozzi has said today that the court should “dismiss the main appeal” from MasterCard. This is a common-sense result and important step towards ending the excessively high payments that retailers are charged to process card payments. At a time when Europe is debating the future of payments, this sends another clear and important indication that the time for reform has come.”
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