Saturday, July 16, 2005

7 Big Retail Chains Sue Visa, Saying Its Fees Are a Form of Price Fixing (NYT's July 16)

The New York Times - The most recent case is unusual because it involves some of the largest players in the supermarket and convenience store industry. It also comes just days after John Philip Coghlan, Visa's new chief executive, publicly reached out to merchants on his first day on the job.

"It was widely known that Visa has gone around to individual merchants to keep them on board and keep them quiet on these issues," said Avivah Litan, a payments industry analyst at Gartner. "MasterCard has not done the same thing. They have been more lax."

Click here to read article (NYT, Eric Dash, July 16, 2005- Subscription required)