Mmastodon TechnologyTechnology first seen 1 d ago, last 1 d ago, peak #11
Visa, Mastercard and Major Banks Face New Fee Litigation
Original: Visa, Mastercard, Major Banks Facing New Litigation over 'Anticompetitive' Fees https:// news.ycombinator.com/item?id=4
Visa, Mastercard and several major banks are facing a new lawsuit alleging that the fees they charge merchants for card payments are anticompetitive. The case adds to the growing wave of legal challenges over interchange and swipe fees in the US payments industry, where retailers have long argued that card networks and issuers inflate costs that are ultimately passed on to consumers.
Why now: New litigation against the dominant card networks and big banks over payment fees has renewed debate about competition in the payments industry
Evidence
- Visa, Mastercard, Major Banks Facing New Litigation over 'Anticompetitive' Fees https:// news.ycombinator.com/item?id=4 9993914 # hackernews # tech · hackersnews@mastodon.cesium.pw · 2
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