Coles faced forfeiting low fees to Woolworths under Mastercard’s ‘nuclear option’
Mastercard considered threatening Coles with losing its discounted interchange fees to rival Woolworths if the supermarket chain re-routed customer debit and credit transactions away from the payments giant, a trial judge has heard in the ACCC’s misuse of market power case.
For information on rights and reprints, contact subscriptions@lawyerly.com.au