(Reuters) - Consumer groups, grocery and drug stores, and other merchants
are increasingly concerned that the payment card industry
dominated by Visa and MasterCard Inc. are raising fees for
card transactions and the system lacks transparency.
At a hearing by the House Judiciary Committee's task force,
merchants complained that Visa and MasterCard are colluding to set
interchange fees much as cartels can fix prices.
Read more at Reuters.com Government Filings News
are increasingly concerned that the payment card industry
dominated by Visa and MasterCard Inc. are raising fees for
card transactions and the system lacks transparency.
At a hearing by the House Judiciary Committee's task force,
merchants complained that Visa and MasterCard are colluding to set
interchange fees much as cartels can fix prices.
Read more at Reuters.com Government Filings News
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