Saturday, January 27, 2007

"Merchants Protest Credit-transaction Fees" (The Sun News)

"Visa and MasterCard made $30.7 billion in 2005 by charging merchants a percentage of each credit card transaction. The National Retail Federation also estimates that those earnings will climb to the $40 billion range for 2006, and the retail industry is joining forces with politicians to discuss restrictions on credit card companies..."

[Source: The Sun News]