The Italian Competition Authority starts proceedings against multilateral interchange fee setting in the card payment systems sector (MasterCard)

On the 15th July 2009, the Autorità Garante della Concorrenza e del Mercato, the Italian Competition Authority (hereinafter, ICA), decided to initiate an antitrust proceedings against MasterCard Group and eight of the main banks and financial institutions licensed by MasterCard Group for operating in the Italian credit card market (Banca Monte dei Paschi di Siena S.p.A., Banca Nazionale del Lavoro S.p.A., Banca Sella Holding S.p.A., Barclays Bank plc, Deutsche Bank S.p.A., Intesa San Paolo S.p.A., Istituto Centrale delle Banche Popolari Italiane S.p.A.), for an alleged infringement of art. 81 of EU Treaty, now art. 101 TFEU. The proceedings is aimed at verifying whether or not the way MasterCard sets its network rules and in particular the structure and the level of the Multilateral

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Authors

  • Luiss Guido Carli University (Rome)
  • Luiss Guido Carli University (Rome)

Quotation

Ernesto Cassetta, Linda Meleo, The Italian Competition Authority starts proceedings against multilateral interchange fee setting in the card payment systems sector (MasterCard), 15 July 2009, e-Competitions July 2009, Art. N° 31018

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