ABN AMRO Fined €3.9 Million in Dutch Interpay Competition Case
Company: ABN AMRO Bank N.V.
Summary
The Netherlands Competition Authority found that banks participating in Interpay extended their cooperation to network services for PIN transactions and thereby eliminated competition in that market between January 1998 and March 2004. The authority's original 2004 sanction decision imposed a €3.9 million fine on ABN AMRO. Source: Netherlands Competition Authority / ACM archive https://www.acm.nl/sites/default/files/old_publication/bijlagen/1108_2910BBS.pdf