Although we will not talk directly with any of the named defendants in the merchant interchange litigation, we are using this forum to ask this question of others.
MasterCard announced an initiative to limit the merchant interchange fee at service stations to $50 per transaction. The question is whether this ever actually was implemented? Did Visa follow along? And, if the giant credit card associations did limit the fees at the pumps, why not for all items, as we think the cost to transact a one-dollar or five-thousand dollar electronic payment on the MasterCard and Visa network should be about the same.
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