FTC Approves Final Order Requiring Mastercard To Stop Blocking Use Of Competing Debit Payment Networks
Portfolio Pulse from Benzinga Newsdesk
The Federal Trade Commission (FTC) has approved a final order requiring Mastercard to stop blocking the use of competing debit payment networks. This decision aims to promote competition and prevent Mastercard from engaging in anti-competitive practices.
May 30, 2023 | 6:12 pm
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NEGATIVE IMPACT
Mastercard is required by the FTC to stop blocking the use of competing debit payment networks, potentially affecting its market share and revenues.
The FTC's decision directly targets Mastercard's practices, which could lead to increased competition in the debit payment network market. This may result in a loss of market share and reduced revenues for Mastercard as competitors gain traction. The negative score reflects the potential adverse impact on Mastercard's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100