What you need to know The Australian Competition and Consumer Commission has commenced proceedings against Mastercard, alleging it misused its market power and engaged in exclusive dealing, in contravention of the Competition and Consumer Act 2010 (Cth) (CCA). Mastercard allegedly engaged in the conduct in question in response to the RBA's least cost routing initiative. The ACCC alleges that from 2017 – 2020 Mastercard entered into agreements with more than 20 major merchants in which it provided discounted rates on the processing of Mastercard credit card transactions, provided the merchants agreed to process all or most of their dual network debit card transactions through Mastercard rather than through the eftpos network. The ACCC alleges that this conduct had the purpose of
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.