Yhn HealthMedicine first seen 23 h ago, last 1 h ago, peak #3
Visa and Mastercard face new lawsuit over merchant fees
Original: Visa, Mastercard, major banks facing new litigation over 'anticompetitive' fees
Visa, Mastercard and several major banks are facing new litigation alleging that credit card transaction fees charged to merchants are anticompetitive. The suit reportedly claims the card networks and banks have conspired to keep interchange fees artificially high, passing costs on to merchants and, ultimately, consumers. The case adds to a long history of legal challenges over swipe fees in the US payments industry.
Why now: Merchants and consumers are closely watching ongoing legal challenges to interchange fees, which affect everyday payment costs.
VisaMastercardmajor US banksmerchants
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