Tuesday, October 17, 2006

"Visa, Following MasterCard, to Disclose More Fees" (Reuters)

..."Visa USA on Tuesday said it has begun posting its U.S. interchange fee schedule on its Web site, six weeks after smaller rival MasterCard Inc. said it will do the same. The actions come after dozens of antitrust lawsuits by U.S. retailers and trade groups that accuse the world's largest credit card payment systems of price-fixing, including in the setting of artificially high interchange fees." ...

[Source: Reuters]