The European Commission has sent a Statement of Objections to MasterCard, outlining the Commission's preliminary view that MasterCard's rules prevent banks from offering lower interchange fees to retailers based in another EU Member State, where interchange fees may be higher. As a result, the Commission considers that retailers cannot benefit from lower fees elsewhere and competition between banks cross-border may be restricted, in breach of Article 101.  The Statement of Objections also alleges that MasterCard's interchange fees for transactions in the EU using MasterCard cards issued in other regions of the world breach Article 101 by setting an artificially high minimum price for processing these transactions.  Click here.