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Wal-Mart Sues Visa For $5 Billion Over Excess Fees
Friday, March 28, 2014 - 11:26am | 626Read More...Wal-Mart Stores (NYSE: WMT) have filed a lawsuit against Visa (NYSE: V) claiming more than $5 billion in damages for what Wal-Mart claimed were unreasonably high interchange fees Visa charged the retailer. In the lawsuit Wal-Mart claimed Visa conspired with banks to fix so-called “swipe fees”...
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Stores Can Now Charge Extra If You Use Your Credit Card, But Will They?
Thursday, January 31, 2013 - 4:16pm | 637Read More...The headlines sound like ads from the latest Wes Craven horror flick. Watch out for the 'checkout fee'! screams CNN. Credit Card Users Brace for Possible ‘Checkout Fee’! cries Fox. Beware the credit card trap! hisses Inforum. As reported by most news outlets, including Fox News, the story...
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A Closer Look At Visa And MasterCard
Friday, July 8, 2011 - 2:35pm | 480Read More...Last week, the Federal Reserve issued a final rule on establishing standards for debit card interchange fees as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The finalized rule will cap debit card fees at $0.21 to $0.24 per transaction for banks with more than $10...
