Thursday, November 09, 2006

"Commission Alleges Credit Card Price-fixing" (Stuff.co.nz)

"The [New Zealand] Commerce Commission has issued civil proceedings against Visa, MasterCard and 11 financial institutions for alleged price-fixing in relation to interchange fees.
The commission said it filed a statement of claim in the High Court in Wellington yesterday, alleging that fixing the interchange fees was anti-competitive."


[source: Stuff.co.nz]