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Mastercard will have to provide rivals with customer account information to process debit payments, US FTC says

( May 30, 2023, 18:41 GMT | Official Statement) -- MLex Summary: The US Federal Trade Commission finalized a consent order settling charges that Mastercard used illegal business tactics to force merchants to route debit card payments through its payment network. Under the FTC’s order, which follows a public comment period, Mastercard will have to start providing competing networks with customer account information that these networks need to process debit payments, according to an agency statement. The commission vote to approve the final order was 3-0.Statement follows below:...

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