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FTC orders Mastercard to open debit transactions to competing payment networks
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FTC orders Mastercard to open debit transactions to competing payment networks
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25th December 2022, 11:24
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 149,207
 |  FTC orders Mastercard to open debit transactions to competing payment networks The Federal Trade Commission has ordered Mastercard to start providing competing payment networks with the information they need to process debit card payments. In a proposed enforcement action announced on Friday, the FTC said Mastercard had allegedly violated a provision of the Dodd-Frank act known as the Durbin Amendment by prohibiting merchants from routing transactions over alternative networks. https://www.engadget.com/ftc-orders-...1.html?src=rss |
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