Combatants refuse to bend in plastic fight

BC Card accuses Visa of anti-competitiveness in managing cash withdrawal services

By Kang Seung-woo

BC Card, Korea’s credit card payment services provider, plans to ask the Fair Trade Commission (FTC) to punish Visa Card for abusing its market dominance, a BC Card official said Wednesday.

Visa has responded that BC’s claim is true but also threatened to take action as appropriate.

“Visa blocks the entry of a competitor,” the BC official said. “We will take this matter to the FTC.”

The heart of the dispute dates to October