Competition Bureau Challenges Visa and MasterCard’s Anti-competitive Rules

OTTAWA, December 15, 2010 — The Competition Bureau announced today that it has filed an application with the Competition Tribunal, to strike down restrictive andanti-competitive rules that Visa and MasterCard impose on merchants who accept their credit cards. The Commissioner of Competition alleges that these rules have effectively eliminated competition between Visa and MasterCard for merchants’ acceptance of their credit[…]