Yhn HealthMedicine first seen 1 d ago, last 26 min 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 their credit card transaction fees charged to merchants are anticompetitive. The suit adds to long-running legal pressure over interchange and swipe fees, which retailers argue inflate prices. Observers are watching whether it could force changes to how card networks and banks set processing costs.
Why now: Fresh litigation against the dominant payment networks renews a long-running fight over card fees that affects merchants and consumers everywhere.
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