Mastercard

UK competition watchdog may accept new proposals over Mastercard VocaLink deal

MasterCard has put forward proposals to the Competition and Markets Authority (CMA) after the watchdog expressed concern over its acquisition of VocaLink. The CMA said the merger could make it difficult for the UK ATM network Link to negotiate a good infrastructure service because of reduced competition.

The CMA had given MasterCard and VocaLink an ultimatum to remedy its competition concerns or face an in-depth investigation.

Continue reading