Mastercard, Visa, Revolut Lose UK Suit Over Cross-Border Fees

Mastercard Inc., Visa Inc. and UK fintech Revolut ltd. lost a lawsuit with the UK payments regulator over its plans to usher in a cap on cross-border card fees.

By Aisha S Gani · Bloomberg Markets

Mastercard Inc., Visa Inc. and UK fintech Revolut ltd. lost a lawsuit with the UK payments regulator over its plans to usher in a cap on cross-border card fees.