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Credit Card Cartels Landed With $6.2 Billion Price-Fixing Bill

Credit Card Cartels Landed With $6.2 Billion Price-Fixing Bill

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By Kai Sedgwick

 

Visa and Mastercard have run up the mother of all credit card bills. The monopolistic payment providers had been embroiled in a long-running lawsuit instigated by merchants protesting their excessive fees. The credit card giants have now conceded defeat and agreed to settle the price-fixing case for a whopping $6.2 billion…

Source: Credit Card Cartels Landed With $6.2 Billion Price-Fixing Bill

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