Visa, MasterCard and banks reach $6 billion settlement with retailers over ... - Washington Post

ABC NewsVisa, MasterCard and banks reach $6 billion settlement with retailers over ...Washington PostNEW YORK — Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. As part of the settlement, ...Visa, MasterCard to pay $6 billion to settle retailers' lawsuitLos Angeles TimesVisa, MasterCard Settle ... Full Story »

Posted by Jack Powers - via Google News (Business)
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Subjects: Business
Topics: Finance
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Posted by: Posted by Jack Powers - Jul 13, 2012 - 10:24 PM PDT
Reviewed by: Jack Powers (review)
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Edited by: Jack Powers - Jul 13, 2012 - 11:03 PM PDT

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Jack Powers
4.0
by Jack Powers - Jul. 13, 2012

The retailers claimed the credit card issuers worked together to fix the fees that stores pay to accept credit and debit cards. The fees, which vary depending on the type ... More »

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