Thursday, May 9, 2013

: Previously Banned Fees Charged To Consumers Now Permissible For Visa And Mastercard Transactions

In November 2012, the U.S. District Court for the Eastern District of New York preliminarily approved a settlement agreement in the In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation. As a result, merchants may now charge their Visa and MasterCard customers supplemental fees to recover the cost incurred when credit cards are used as the form of payment

http://www.mondaq.com/unitedstates/x/237790/Financial+Services/Previously+Banned+Fees&email_access=on