Mastercard stock price slips as UK fee-cap ruling adds to pressure on payments giants
Mastercard shares slipped 0.1% to $542.22 after a UK court upheld the Payments System Regulator’s power to cap certain cross-border card fees. The ruling dismissed Mastercard’s challenge, but the cap’s details remain undecided. Visa shares rose slightly, while American Express jumped nearly 3%. Mastercard’s next earnings call is set for Jan. 29.