ING Fined €3.9 Million in Dutch Interpay Competition Case
Company: ING Groep N.V.
Summary
In the Interpay case, the Netherlands Competition Authority found that shareholder banks extended their cooperation in Interpay to the sale of network services for PIN transactions, eliminating competition in that market between January 1998 and March 2004. The authority's 2004 sanction decision imposed a €3.9 million fine on ING. A later objection decision reviewed the original sanctions. Source: Netherlands Competition Authority / ACM archive https://www.acm.nl/sites/default/files/old_publication/bijlagen/1108_2910BBS.pdf