The Italian Competition Authority warns that shifting ATM and POS fees from banks to consumers would restrict competition (Bancomat)

Bancomat S.p.A. (formerly Consorzio Bancomat and hereinafter also referred to as 'Bancomat') is the company that manages the Bancomat and PagoBancomat withdrawal and payment circuits, as well as the related cards, which can be used to make withdrawals at Automated Teller Machines (ATMs) and payments at Points of Sale (POS). In December 2020, Bancomat notified the Authority of its intention to change its remuneration model for the ATM cash withdrawal service. The company explained the new model to the Authority and requested a prior

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