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Topic - Basic Business Concepts

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  • ** FILE ** This Sept. 5, 2007, file photo shows credit card decals on a store window in the Hollywood section of Los Angeles. Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. (AP Photo/Nick Ut, File)

    Visa, MasterCard in $6B settlement over card fees

    Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. As part of the settlement, announced late Friday, stores from Rite Aid to Kroger will be allowed to charge customers more if they pay using a credit card.

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