Sainsbury´s loses Visa court case
Sainsbury’s is expected to launch an appeal after it lost a High Court case with Visa over a long-running row over processing fees.
The supermarket giant was seeking damages for losses it alleged to have been caused by the fixing of so-called interchange fees, which it claims breach UK and EU competition laws.
These fees are charged to retailers each time a credit or debit card payment is processed.
Supermarket Sainsbury´s has lost a High Court battle with Visa (PA)
However, the High Court found that the fees paid are lawful, stating that Sainsbury’s claim «fails in its entirety».
A Sainsbury’s spokeswoman said: «This claim concerned the damage Sainsbury’s maintains was caused by Visa’s breach of UK and EU competition laws in its setting of interchange fees.
«Sainsbury’s is now considering its position.»
Sainsbury’s won a separate court case last summer, with a £68 million award from Mastercard.
The ruling comes in the wake of a series of lengthy legal dispute between retailers and card firms after the European Commission investigated interchange fees.
The commission voiced concerns over the practice of fixing these costs at Visa and Mastercard and the European Union has since passed legislation to cap interchange fees permanently.
For its part, Visa said: «Visa welcomes this week’s decision by the UK High Court, which confirmed that our interchange fees, the fees paid by UK retailers and their payment providers to accept electronic payments, are lawful.
«We hope the Court’s decision will accelerate the collaboration between retailers and Visa and will allow us to address the greatest disruption, and potentially the greatest opportunity, facing the merchant community in Europe today: the digitisation of commerce.»Should you have any kind of questions regarding in which and also the best way to make use of creditos personales creditos rapidos online y faciles (try what he says), you are able to e-mail us from the internet site.