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Mastercard and Visa agree to cut overseas card fees

The European Commission says the deal will lead to "lower prices for European retailers to do business".

A claim alleging 46 million people were overcharged in shops due to high card fees has been revived.

The European Commission fines the payments giant for stopping retailers looking for cheaper services.

At MWC, Mastercard VP Matt Miller talks about mobile payments, AIs we can trust, and the impending post-smartphone world.

The claim was that 46 million consumers were overcharged by Mastercard between 1992 and 2008.

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