Mastercard, Visa and Revolut lose UK case over proposed cross-border card fees cap

Core Viewpoint - Mastercard, Visa, and British fintech Revolut have lost a legal challenge against the UK's payments regulator regarding the introduction of a cap on cross-border card fees [1] Group 1 - The UK's payments regulator plans to implement a cap on cross-border card fees, which has been contested by major payment companies [1] - The legal challenge was aimed at preventing the regulator's proposed changes to the fee structure for cross-border transactions [1] - The outcome of this legal challenge may impact the operational costs and pricing strategies of the involved companies in the cross-border payment market [1]