{"id":40,"date":"2005-09-29T08:28:45","date_gmt":"2005-09-29T15:28:45","guid":{"rendered":"http:\/\/www.merchantaccountblog.com\/?p=40"},"modified":"2005-10-25T06:00:44","modified_gmt":"2005-10-25T13:00:44","slug":"merchants-sue-visa-mastercard-over-fees","status":"publish","type":"post","link":"https:\/\/www.merchantequip.com\/merchant-account-blog\/40\/merchants-sue-visa-mastercard-over-fees","title":{"rendered":"Merchants sue Visa, MasterCard over fees"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.businessweek.com\/ap\/financialnews\/D8CS32E01.htm?campaign_id=apn_home_down&#038;chan=db\">Merchants sue Visa, MasterCard over fees<\/a><\/strong><\/p>\n<blockquote><p>SEP. 26 1:34 P.M. ET Four merchant associations on Monday filed an antitrust, class-action lawsuit against Visa USA Inc., MasterCard Inc. and a number of top U.S. banks for allegedly colluding to set credit card transaction fees at anticompetitive levels.<\/p>\n<p>MasterCard and Visa already face a number of retailer lawsuits that claim fees paid on each transaction amount to price fixing, and are designed to stifle competition. Both credit-card associations &#8212; valued for their processing networks as much as their brand names &#8212; derive most of their profits from the fees.\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Merchants sue Visa, MasterCard over fees SEP. 26 1:34 P.M. ET Four merchant associations on Monday filed an antitrust, class-action lawsuit against Visa USA Inc., MasterCard Inc. and a number of top U.S. banks for allegedly colluding to set credit card transaction fees at anticompetitive levels. MasterCard and Visa already face a number of retailer [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-40","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/posts\/40","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/comments?post=40"}],"version-history":[{"count":0,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/posts\/40\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/media?parent=40"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/categories?post=40"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/tags?post=40"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}