OFT To Investigate Uncompetitive Visa Olympic Monopoly – Excellent!

I’ve got some good news. It seems that the Office of Fair Trading is to look into the highly uncompetitive deal that Visa have struck with the Olympics Committee to be the sole supplier of credit card services to the Olympic Games in 2012.

You can read how unhappy I am that Visa should be allowed to force other credit card providers out of the Olympic games here and here.

Let’s hope that the OFT discovers how bad an image the deal paints of competition practises in the UK and kicks this monolpolistic agreement with Visa into touch, where it belongs.

Let common sense, and good commercial competition predominate!

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