Four of the nation's largest merchant associations have joined the legal battle to force credit card issuers to lower the fees they charge for processing transactions. The latest of more than 30 legal actions filed over the past several months, the class action accuses Visa USA, MasterCard Inc. and a number of major banks of engaging in collusive practices in setting their interchange fees, which are paid by the merchants each time a customer uses a debit or credit card to pay for a purchase.
September 27, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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