TITLE

NACS, Retail Groups File Suit

PUB. DATE
October 2005
SOURCE
Convenience Store News;10/24/2005, Vol. 41 Issue 13, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the National Association of Convenience Stores (NACS) and other merchant associations have filed an antitrust, class-action lawsuit alleging that the credit card industry is engaging in collusive practices by setting credit-card interchange fees at supracompetitive levels. NACS and the other plaintiffs represent hundreds of thousands of drugstores, convenience stores and food stores across the U.S. that accept Visa and MasterCard as a form of payment. In addition, the case, as a class-action lawsuit, represents millions of card-accepting retailers throughout the U.S.
ACCESSION #
18689478

 

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