HARRISON (dpa-AFX) - Payments company Mastercard Inc. (MA) is facing an investigation by Swiss Competition Commission or COMCO, Reuters reported.
The investigation is into possible obstruction of SIX's National Cash Scheme or NCS, a set of rules for withdrawals and other transactions at banks' cash machines.
According to the agency, the obstruction occurs because Mastercard refuses to co-badge the NCS on the new debit Mastercard.
The watchdog reportedly said, 'COMCO is now investigating whether Mastercard has abused its position as a dominant company. Precautionary measures were taken for the duration of the investigation.'
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