Saturday, July 16, 2005

Editors Comment: Kroger Co. and Other National Retailers Similar Litigation

As lead plaintiffs of the original June 22nd litigation against Visa, MasterCard and several US banks, we are delighted to learn that Kroger Co. and several leading national merchants are pursuing similar objectives. This underscores that the entire nation is seeking to protect consumers from unbridled interchange fee increases controlled by the credit card industry. We welcome the support of other merchants in this fight to escalate awareness for this unfair tax on businesses and hidden charge to consumers., our online boutique photo service, like most e-commerce businesses, must accept credit card transactions, yet we too are faced with nearly one-hundred separate charge catagories, based on the type of cards used.

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Carl Berman and Mitch Goldstone