By Saloni Sinha ( May 21, 2026, 06:59 GMT | Insight) -- Mastercard exercised control over how banks and payment acquirers interacted with merchants through its scheme rules, an ongoing Australian antitrust trial was told. In a Federal Court hearing on Thursday, Samuel Itzcovitz, called by Mastercard, was cross-examined on Australia’s card-payments system, the structure of merchant acceptance and interchange pricing. Itzcovitz formerly worked at Commonwealth Bank of Australia and First Data in acquiring and payments roles, including as head of CBA’s acquiring business.Mastercard exercised control over how banks and payment acquirers interacted with merchants through its scheme rules, an ongoing Australian antitrust trial was told Thursday....
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