Sephora store in Washington, D.C. Photo: Diego M. Radzinschi/ALM Cohort of Luxury Brands Join Claim Against Mastercard on Interchange Fees
The U.K. claims are being brought together under 'Interchange Fee Umbrella Proceedings'.
September 03, 2024 at 09:19 AM
2 minute read
Thirteen claimants from luxury fashion house LVMH's family of brands including Louis Vuitton, Fendi and Sephora have joined a long list of merchants seeking damages for inflated interchange fee overcharges from Mastercard.
They claim Mastercard unlawfully settled interchange fees and imposed rules that restricted merchants from steering customers towards cheaper payment methods, according to documents filed at London's High Court.
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