Tuesday, July 24, 2012

Credit card settlement unlikely to help stores ... - The Finance Room

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NEW YORK (Reuters) - Stores may not find it easier to charge shoppers fees for paying by credit card as a result of a $7.25 billion class action settlement with Visa Inc. and MasterCard Inc, a problem that may delay or derail its approval, an analyst said on Monday. The proposed settlement between retailers and the two biggest credit card companies would resolve stores' claims that Visa and MasterCard conspired with major banks to fix swipe fees?- the amount paid to process debit and credit card payments. In addition to a $6.05 billion payment and temporary $1. ...

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Source: http://www.financeroom.net/?p=449339

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