Commerce Act Enforcement Actions Register (2009-2011)

Interchange: Visa International Service Association and Visa Worldwide Pte Limited, MasterCard International Incorporated , ANZ National Bank Limited, ASB Bank Limited, Bank of New Zealand, Kiwibank Limited and New Zealand Post Limited, TSB Bank Limited, The Warehouse Financial Services Limited, Westpac New Zealand Limited

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Parties Interchange: Visa International Service Association and Visa Worldwide Pte Limited, MasterCard International Incorporated , ANZ National Bank Limited, ASB Bank Limited, Bank of New Zealand, Kiwibank Limited and New Zealand Post Limited, TSB Bank Limited, The Warehouse Financial Services Limited, Westpac New Zealand Limited
Sections s27 and s30
Description Alleged agreements between banks and card schemes to set the amount of the interchange fee, provide the rules of operation of card schemes, limiting entry into the card services market and other related provisions, thereby controlling the level of the merchant service fee paid by retailers
Resolution Settlement
Year 2010
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