Yhn HealthMedicine first seen 17 h ago, last 44 min ago, peak #3
Visa, Mastercard and major banks face new litigation over fees
Original: Visa, Mastercard, major banks facing new litigation over 'anticompetitive' fees
Visa, Mastercard and several major banks are facing a new lawsuit alleging that credit card transaction fees charged to merchants are anticompetitive. The litigation claims the companies conspired to inflate interchange fees, adding to a long history of legal battles over swipe fees in the US payments industry. Merchants have long argued these fees raise costs that are passed on to consumers.
Why now: New antitrust litigation against the dominant payment networks renews a long-running debate over interchange fees.
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