Credit Cards News
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Major retail groups sue credit card firms
26 Sep 2005
source:
marketwatch.com
NEW YORK (MarketWatch) -- Four major merchant associations said Monday that they have filed an antitrust lawsuit against Visa, MasterCard and banks that issues credit cards in a growing battle over fees. // document.write(''); EARNINGSWATCH Major retail groups sue credit card firms Nalco sees minimal Rita-related costs compared with Katrina Four machinery makers hit by Citigroup ... |
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Retail groups sue Visa, MasterCard and banks
26 Sep 2005
source:
today.reuters.co.uk
NEW YORK (Reuters) - Several retail groups have filed an antitrust lawsuit against Visa USA, MasterCard International and dozens of major U.S. banks, saying they acted together to set excessive credit card fees. The lawsuit, filed Friday with the U.S. District Court for the Eastern District of New York, concerns interchange fees, which retail merchants pay to issuing banks to receive payments for ... |
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Four major retail groups file lawsuit over credit card fees
26 Sep 2005
source:
iii.co.uk
(AFX UK Focus) 2005-09-26 18:31 GMT: Four major retail groups file lawsuit over credit card fees |
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Barclays trials 'Rewards' card
25 Sep 2005
source:
scotsman.com
BARCLAYCARD, which was forced to amend its 0% Forever credit card, has begun testing a card offering an interest rate tailored to how cardholders pay off their balances. Called the Repayment Rewards card, it punishes those unable to pay off more than the monthly minimum (2.5% of outstanding balance) with the highest interest rate, of 16.9%, while those able to pay off more (10%) are treated to a ... |
