Mastercard faces fines in Europe
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Mastercard must drop fees it charges for cross-border transactions or face daily fines of 3.5 percent of daily global turnover, European Union regulators said Tuesday.
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The amount consumers are charged for making mobile phone calls while abroad is to be investigated by EU regulators.
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The European Commission will fine  Microsoft  between 200 million (&#36;255 million) and 300  million euros on Wednesday to punish it for failing to carry  out antitrust sanctions, sources familiar with the situation  said on Tuesday.
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The European Commission fines Spain's Telefonica for stifling competition in the broadband market.
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The European Commission warned  Microsoft on Thursday it faced further fines in its antitrust  case for seeking unreasonable prices from software makers for  interoperability information.
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NEW YORK: American Express Company, the travel and financial services giant, said yesterday it was suing Visa and MasterCard over anti-competitive business practices.
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PARIS - France&#39;s stock market regulator on Tuesday fined Jean-Marie Messier euro1 million (US$1.35 million) for misleading financial information issued by Vivendi Universal SA when he was its chairman and CEO, Messier&#39;s lawyer said.
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American Express on Monday filed a suit against credit card associations Visa and MasterCard and eight major banks for what it called illegal and anti-competitive practices.
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NEW YORK, Nov. 15 /PRNewswire-FirstCall/ -- American Express Company today filed a lawsuit against Visa, MasterCard and eight major banks that are members of the two card associations.
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The European Parliament voted to impose retail price caps on roaming charges, fees that mobile phone consumers pay when making or receiving calls outside of their home calling zones. The European Council of Ministers, which has already endorsed the plan, is scheduled to approve the price caps formally June 7. As early as August, the charges will be limited to 0.49 euro (66 cents) a minute for outgoing calls and 0.24 euro for incoming calls, excluding tax.
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The MBNA bank has warned customers they face a Â£10 fine if they leave a positive balance on their credit card.
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Europeans are paying high prices to send cell-phone text messages or use mobile Internet services outside their own country, the EU's telecoms chief said Thursday, just months after the EU capped roaming charges for calls.
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A Manhattan federal judge has ordered Visa USA to stop charging a special fee that penalized debit card issuers for jumping to smaller rival MasterCard Inc. .
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American Express yesterday said it was seeking &quot;billions of dollars&quot; in damages from Visa and MasterCard over alleged &quot;illegal and anticompetitive practices&quot;.
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Greece's agency for information security on Thursday imposed a EU76m (&pound;51.2m, $100.5m) fine on Vodafone's Greek operation for failing to prevent the illegal tapping of more than 100 mobile phones, including one used by Costas Karamanlis, prime minister.
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The European Commission warned  Microsoft  on Thursday it faced further fines in its  long-running antitrust battle with Brussels, this time for  seeking unreasonable prices from software makers for vital  data.
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MasterCard  must change within six months the way it sets its fees for processing card transactions or face a daily fine, the European Union's top antitrust watchdog said on Wednesday.