Switzerland’s SIX Group’s $7 Million Fine Upheld by Court

Switzerland’s top administrative court has upheld a 7.03 million Swiss franc ($7 million) fine levied against SIX Group AG by the country’s competition watchdog over its dominant behavior as a processor of card transactions.

“The unlawful conduct particularly relates to refusal of business relations and the use of a tie-in transaction to the detriment of other terminal manufacturers and merchants,” the Swiss Federal Administrative Court said May 21 in a ruling.

The case dates back to 2010 when the country’s Competition Commission fined the company 7 million francs. The penalty was imposed because of SIX’s decision to introduce new payment ...