According to the Reserved Report website, the collegiate of advisors to Cade (Administrative Council for Economic Defense) gathers strong evidence that GetNet, the Spanish bank's machine company, used competitor master data to offer its services. had access to someone else's base is still a mystery.
According to the UOL website, Cade questioned Santander about hiring Getnet, the credit and debit card machine company that it owns, as a condition for opening current accounts by merchants. The agency also asked if the bank has already imposed sales targets for customers using GetNet. I also wondered if the card machine has ever required a merchant to have a Santander account to close a contract.
Cade is investigating whether Santander is using information from other accredited companies to offer products to its customers or if it offers discounts on the purchase of bank products. The Brazilian antitrust agency (Cade) also requested the bank information on whether the entity has special policies for those businesses that use only GetNet machines and if they impose fines for those that do not meet the sales objectives.
