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Cartels Practice Guide 2021 - Anti-trust/Competition Law

Cartels Practice Guide 2021 - Anti-trust/Competition Law
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UK Local Authorities Could Seek Damages Over Alleged Pre-paid Cards Cartel As Payment Services Regulator Issues A Statement Of Objections Fining Parties £32 Million | Rosenblatt

Introduction
The Payment Services Regulator (PSR) issued its first decision enforcing competition law in the payments sector on 31st March 2021. The PSR is a concurrent competition regulator for the payments sector along with the Competition & Markets Authority (CMA). This is the first time the PSR it has used its competition powers since it became a concurrent competition regulator in 2015.
The PSR provisionally decided that five parties were guilty of taking part in a cartel in relation to pre-paid cards used by local authorities to distribute welfare payments to vulnerable members of society, such as the homeless, victims of domestic violence and asylum seekers contrary to Chapter I of Competition Act 1998. The PSR alleged that Mastercard, allpay, APS, PFS and Sulion all engaged in anti-competitive behaviour by agreeing not to compete or poach each other’s clients. ....

United Kingdom , National Prepaid Cards Network , Cartel Behaviour , Competition Markets Authority , Network Pms , Prepaid Financial Services , Mastercard Programme Managers Pms , Payment Services Regulator , Markets Authority , Competition Act , Electronic Money Institutions , Mastercard Programme Managers , ஒன்றுபட்டது கிஂக்டம் , தேசிய ப்ரீபேட் அட்டைகள் வலைப்பின்னல் , கார்டெல் நடத்தை , போட்டி சந்தைகள் அதிகாரம் , வலைப்பின்னல் ப்ம்ஸ் , ப்ரீபேட் நிதி சேவைகள் , மாஸ்டர்கார்டு ப்ரோக்ராம் மேலாளர்கள் ப்ம்ஸ் , கட்டணம் சேவைகள் சீராக்கி , சந்தைகள் அதிகாரம் , போட்டி நாடகம் , மின்னணு பணம் நிறுவனங்கள் , மாஸ்டர்கார்டு ப்ரோக்ராம் மேலாளர்கள் ,