The German Competition Authority declares certain online banking rules violate European and German competition law (Deutsche Kreditwirtschaft)

Restriction of online payment services by German banking industry in violation of competition law* The Bundeskartellamt has declared certain rules in the online banking conditions of the German Banking Industry Committee (Deutsche Kreditwirtschaft) as illegal. The authority holds the view that the banks' general terms and conditions restrict competition between the different providers of payment services in the Internet and violate German and European competition law. The proceeding based on Art. 101 (1) TFEU and Sect. 1 German Competition Act (GWB), furthermore on Sect. 19 (3) sentence 1 GWB in conjunction with Sect. 19 (1) and

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German Competition Authority, The German Competition Authority declares certain online banking rules violate European and German competition law (Deutsche Kreditwirtschaft), 29 June 2016, e-Competitions Barriers to entry in the digital market, Art. N° 86335

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