MasterCard/Visa Antitrust Settlement Could Benefit Independent Booksellers
In late April, over 8 million merchants won a significant victory in an antitrust lawsuit against MasterCard/Visa, in which the two card companies agreed to pay out a total of $3.05 billion in damages to merchants, to lower debit card transaction fees, and to drop the "honor all cards" policy. The total settlement is the largest ever in an antitrust case, according to the American Bar Association.