ACCC approves amended Woolworths epump proposal

The Australian Competition and Consumer Commission has now announced it will not oppose a revised exclusive arrangement between Woolworths and HSBC.

Under the arrangement, the Woolworths Everyday Money Credit Card issued by HSBC, will be the only payment option at Woolworths' new contactless pay at pump facility (epump) only until 15 August 2010.

Consumers holding other contactless cards will be able to use epump after that date, if not sooner.

The ACCC considers that these benefits outweigh any effects on competition and consumer choice during the limited exclusivity period.

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