The U.K. Office of Fair Trading launched a new investigation on Feb. 3, into the recently amended arrangements MasterCard uses for calculating interchange fees that apply to transactions made using its credit cards.

On Sept. 6, 2005, the OFT ruled that MasterCard's previous arrangement for calculating the fees violated competition laws (see ASR, 10/21/05). MasterCard is appealing this decision with the Competition Appeal Tribunal. The OFT said the outcome of its new investigation is likely to be strongly influenced by the outcome of the appeal.

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