Friday, April 30, 2004

Competition authority fines Interpay and Dutch banks

As a first conclusion of the debate on the fee levels for pin-authorisation network services provided by Interpay, the NMa (Dutch competition authority) has published its findings and list of fines:

Interpay: € 30.183.000,

ABN AMRO, Rabo and ING: € 3.900.000

Fortis Bank and SNS Bank: € 1.900.000

Friesland Bank en van Lanschot: € 500.000

See also the reaction of Interpay and their additional report on the issue.