U.S. Orders Mastercard To Stop Blocking Competing Payment Networks

U.S. Orders Mastercard To Stop Blocking Competing Payment Networks

(Reuters) – The Biden administration on Friday said it was ordering Mastercard Inc to stop blocking the use of competing networks to process debit payments. Under a proposed order, Mastercard would have to start providing competing payment networks with the customer account information they need to process payments, the Federal Trade Commission, which enforces competition…

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