visa

Business
6:54 am
Sat July 14, 2012

$6B Deal Eases Credit Card Surcharge Restrictions

Originally published on Mon July 16, 2012 3:54 pm

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SCOTT SIMON, HOST:

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The Two-Way
5:00 pm
Fri July 13, 2012

Visa, MasterCard Come To More Than $6 Billion Settlement With Retailers

Originally published on Fri July 13, 2012 8:31 pm

Visa and Mastercard have announced that they will pay retailers more than $6 billion to settle several class-action and individual lawsuits retailers have filed since 2005.

According to a Wall Street Journal story from earlier this month, the settlement stems from complaints that Visa and MasterCard, the largest card-payments networks in the world, prohibited retailers from imposing surcharges to customers using those credit cards.

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