Merchants On Verge Of Big Win In Debit And Credit Card Fee War– Antitrust Today


Merchants have lobbied Congress to limit or eliminate interchange fees for years. And a federal merchants’ putative class action in New York claims that Visa’s and MasterCard’s interchange fees result from price-fixing in violation of Section One of the Sherman Act. According to the plaintiffs, Visa and MasterCard set their interchange rates through collusion with their member banks, which compete with each other: that is, price-fixing by competitors with the networks as facilitators.

via Merchants On Verge Of Big Win In Debit And Credit Card Fee War– Antitrust Today.

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