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
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
Case Details
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
Category
Anti-competitive conduct
Sub-category
Act/Section
Commerce Act 1986 27, 30
Industry
Financial and insurance services
Status
Closed
Outcome
Settlement
Case Number
Date opened
12 January 2010
Date closed
12 January 2010
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