Major U.S. retailers, including Macy

U.S. retail chain again require Visa and Mastercard reduce koyambedu market transaction fees for the purchase of goods. The matter has already gone to trial. And this is not the first lawsuit in the past year the parties to resolve the conflict in the pretrial order, Visa, Mastercard, and a number of banks to retailers paid more than $ 7 billion
Major U.S. retailers, including Macy's Inc and Target Corp, again filed a lawsuit against Visa and Mastercard. Last year, payment systems have already paid more than $ 7 billion in damages for conspiracy in setting tariffs for the credit card service. But operators continue to inflate the fee for the transaction, according to a lawsuit. Retailers need to increase compensation paid in the previous year, as well as reduce the size of the commission for the transaction, koyambedu market says the agency Reuters. It is being District Court in Manhattan. Among the plaintiffs also serve JC Penney, Kohl's Corp and TJX Cos. The largest U.S. network of Wal-Mart in the disgruntled retailers not included, but the company does not rule out the possibility of filing a separate action. Visa and Mastercard representatives declined to comment. Struggle to reduce commissions began in 2005. Then retailers Kroger Co, Safeway Inc. and Walgreen, as well as the National Association of convenience stores, Community National Pharmaceutical Association, National Association of Co-operative grocery stores and pharmacies National Association sued Visa, Mastercard and issuing koyambedu market banks in the District Court of New York. Applicants accused the defendants Oversize Commission, which is charged for the use of credit and debit cards to pay for goods and services. The Court had to consider the dispute in September 2012, but the parties decided to settle the conflict in the pretrial order. Visa and Mastercard agreed to pay retailers $ 7.2 billion, was the largest in U.S. history for the cartel compensation paid in the pretrial order. The largest amount paid Visa - $ 4,4 billion Mastercard transferred $ 790 million $ 810 million more retailers koyambedu market paid card issuing banks (JP Morgan Chase, Bank of America, Citigroup, koyambedu market Wells Fargo and others). In addition, under the agreement payment systems have committed to eight months to reduce koyambedu market the fee to 0.1%, which would save $ trading networks 1.25 billion Earlier retailers had to pay 2% on each purchase. koyambedu market A 2013 trade organizations koyambedu market will be able to offset these costs by buyers who pay cards. Thus stores want to encourage customers to use when paying for goods and services or cash cards issued by retailers themselves. Despite the large amount of compensation, many retailers continued to criticize the court's decision, arguing that the amount paid is insufficient to cover the losses. "We are talking about billions of dollars in revenue," - noted previously president of the American Bar Association (ABA) Frank Keating. According to the National Retail Federation, the United States, each year trade organizations expelled for transactions on cards about $ 30 billion These funds are distributed between issuing banks and operators of electronic payments. Source: www.gazeta.ru
Atom
Blog Archive May (68) April (420) March (414) February (391) January (319) December (476) November (167) October (245) September (224) August (233) July (329) June (350) May (256) April (348) March (343) February (334) January (301) December (386) November (381) October (468) September (468) August (438) July (380)