Sunday, July 20, 2014

Visa, MasterCard lose ruling vs. retailers over credit card fees

This story is applicable to the investments you own and the advice you pay: discover how you can cut your annual fees by nearly 90%.

Then pocket that money you no longer have to waste on fees.

How?  Own investments you can keep for life.  PB
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From Reuters.com:

A federal judge declined on Friday to dismiss antitrust lawsuits filed against Visa Inc and MasterCard Inc by retailers who opted out of an estimated $5.7 billion class action settlement in 2012 over transaction fees.

Retailers such as Target Corp and Amazon.com Inc have accused Visa and MasterCard of fixing the fees charged to merchants each time their customers used credit or debit cards.

They also alleged the two companies prevented merchants from steering customers to cheaper forms of payment.
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Link: http://www.reuters.com/article/2014/07/18/us-visa-mastercard

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