Americans' increasing preference for paying with plastic has pitted retailers against credit card companies in a dispute over the cost of the billions of transactions. Retailers accused Visa and MasterCard during a congressional hearing before a House Judiciary Committee antitrust task force on Thursday of levying excessive fees, while the card company executives countered that retailer-supported legislation would simply push more of the cost onto consumers.
May 20, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.com
Americans’ increasing preference for paying with plastic has pitted retailers against credit card companies in a dispute over the cost of the billions of transactions.
Retailers accused Visa and MasterCard during a congressional hearing Thursday of levying excessive fees, while the card company executives countered that retailer-supported legislation would simply push more of the cost onto consumers.
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