Multi-billion pound credit card lawsuit set to be filed
One of the biggest credit card compensation claims in UK history will be launched imminently against Visa and Mastercard.
The claim on behalf of UK businesses, including the travel sector, is seeking damages for alleged excessive card fees.
The credit card lawsuit will be filed at the Competition Appeal Tribunal (CAT).
Commercial litigation law firm Harcus Parker is bringing the claim against Mastercard and Visa.
The new claim joins the claims Harcus Parker filed in the CAT last year against corporate and inter-regional card fees.
The new class action is potentially worth many billions .
The claim will argue that any UK business should be compensated for alleged overcharging.
These fees –known as Multilateral Interchange Fees (MIFs) –are paid by businesses to their banks to accept payment by debit or credit card.
They are estimated to comprise up to 90% of a typical business’ monthly bank charge.
“We want to ensure businesses across the UK economy are properly compensated,” said Jeremy Robinson, partner at Harcus Parker.
“This class action will be open to all UK businesses –big and small –who accept Mastercard and Visa.”
It also represented for excessive MIF charges, which particularly affects those in the travel and hospitality sectors.
Trade associations already backing it include ABTA and UKHospitality
Ray Monty
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025