Australian watchdog sues Mastercard for anti-market practices
SYDNEY: The Australian Competition and Consumer Commission (ACCC) on Monday started legal proceedings in the Federal Court against Mastercard for allegedly stifling competition in the supply of debit card acceptance services.The consumer watchdog said in a statement that it has instituted proceedings against Mastercard Asia/Pacific Pte Ltd and Mastercard Asia/Pacific (Australia) Pty Ltd.Mastercard's alleged anti-competitive conduct commenced in late 2017 in the context of the Reserve Bank of Australia's "least cost…