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Mastercard Hit with £31.5M Fine for Running Pre-Paid Card Ring

January 18, 2022
Mastercard, fines, cartel, prepaid cards, Payment Systems Regulator
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Mastercard Hit with £31.5M Fine for Running Pre-Paid Card Ring

January 18, 2022
Mastercard and four other companies were fined a total of £33 million ($45.01 million) for their practices involving prepaid cards, with Mastercard being hit with the biggest penalty of £31.56 million ($43.04 million), the Payment Systems Regulator (PSR) said in a statement on Tuesday (Jan. 18). The other companies fined were allpay, Advanced Payment Solution, […]