Banksys

Banksys, the operator of the Bancontact, Mister Cash and Proton payment systems, said it would appeal a decision from a Brussels commercial court that had ruled to sanction the system integrator with a € 200.000 fine for each technical breakdown that the Banksys network may suffer in the future. The judge had motivated the ruling by saying that Banksys was taking advantage of its virtual monopoly position and that clients therefore lacked possibilities to address a third party provider if dissatisfied with Banksys services.
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