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Finch Capital is a Financial Technology Investment firm founded in the fall of 2013. We invest in high growth companies primary in EMEA and prefer to invest after the seed round, when there is proof of concept and there are some revenues.

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Concertgebouwplein 9, Amsterdam Piccadilly 105, London
www.finchcapital.com

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Aussie court slaps $18 million fine on Visa for anti-competitive practices

Reinier Musters

September 6, 2015

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Reinier Musters

Another fine favouring the need for greater financial transparency

The Australian Federal Court has ordered Visa to pay $18 million in fines for freezing out rival currency conversion services on terminals that use its cards. Australia's competition watchdog, ACCC, brought the case after the card scheme instituted rule-changes in 2010 that prohibited the supply of dynamic currency conversion services on POS transactions on the Visa network globally by rival suppliers.

http://www.finextra.com/news/fullstory.aspx?newsitemid=27808