Sunday, April 06, 2003

Visa, MasterCard suit decision - 2003-04-02

Puget Sound Business Journal in Seattle reports
that last Tuesday, a federal judge told Visa and MasterCard that they will have to go to trial to prove they did not conspire to monopolize the lucrative debit-card market. The background is that since quite some years, Visa and Mastercard forced merchants that accepted credit-cards to also accept debit-cards with the Visa and Mastercard logo (not allowing merchants the choice to deny the debit-card while accepting the credit-card).

See the orginal sentence here.