04.03.2012                      10.Adar. 5772

Bank-Karte:

Bank Leumi pressuring business customers to use subsidiary

Ahead of new law designed to open credit card clearing market to competition, Leumi reportedly pressuring its customers to use its subsidiary's services.

Businesses with accounts at Bank Leumi are being pressured to use subsidiary Leumi Card's credit card clearing services, according to several business owners.
This comes ahead of a new law designed to open the credit card clearing market to competition. Such actions, if not blocked by regulators, could block any advances in competition that would otherwise be made by the law, which is scheduled to take effect in May….