The payments card networks have been embroiled in nearly constant antitrust litigation for decades. Visa Inc. and MasterCard Inc. thought they might avoid another lengthy litigation battle when the U.S. Supreme Court in June agreed to hear Visa v. Osborn, a case alleging that Visa and MasterCard blocked competition from rival ATM networks and forced consumers to pay higher ATM access fees.
On Nov. 17, however, the Supreme Court reversed course and dismissed its writ of certiorari as “improvidently granted,” returning the case to the lower courts for continued litigation.
“OF DUBIOUS BENEFIT?”
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