NACS, Retail Groups File Suit

October 2005
Convenience Store News;10/24/2005, Vol. 41 Issue 13, p18
Trade Publication
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.


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