Van Lanschot Fined €500,000 in Dutch Interpay Competition Case
Company: Van Lanschot Kempen N.V.
Summary
The Netherlands Competition Authority found that Interpay shareholder banks extended their cooperation to PIN-transaction network services and eliminated competition in that market between January 1998 and March 2004. The authority's original sanction decision imposed a €500,000 fine on F. van Lanschot Bankiers. Source: Netherlands Competition Authority / ACM archive https://www.acm.nl/sites/default/files/old_publication/bijlagen/1108_2910BBS.pdf