Mastercard flagged $1m loss for David Jones over Eftpos routing, Australian court told
By Saloni Sinha ( May 12, 2026, 08:10 GMT | Insight) -- Mastercard’s internal modelling showed that David Jones would lose more than A$1.4 million ($1 million) in credit discounts if the retailer routed debit transactions through rival Eftpos network, an Australian court heard on Tuesday. As the cross-examination of former Mastercard executive Chris Ponton Dwyer continued in the Federal Court, lawyer James Arnott, acting for the Australian Competition & Consumer Commission, took the witness to internal documents prepared by him or under his supervision relating to a strategic merchant deal with the retailer.Mastercard’s internal modelling showed that David Jones would lose more than A$1.4 million ($1 million) in credit discounts if the retailer routed debit transactions through rival Eftpos network, an Australian court heard on Tuesday....
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