Visa, MasterCard Changes Will Benefit Merchants — And Maybe Consumers
(LA Times) — On Monday, Visa and MasterCard agreed to let merchants charge less to customers who use different kinds of credit cards that charge smaller fees to shopkeepers. “We want to put more money in consumers’ pockets, and by eliminating credit card companies’ anticompetitive rules, we will accomplish exactly that,” Atty. Gen. Eric Holder said at an afternoon news conference. “The companies put merchants and their customers in a no-win situation.”
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