0 Comments
TheStreet.com: MasterCard Worldwide Inc. plans to pay $335 million to settle a class action suit alleging it violated federal antitrust regulations. MasterCard settled the suit in June 2003 with a number of U.S. merchants that took issue with certain antitrust aspects of the payment card industry. Under the settlement, MasterCard was required to pay $125 million in 2003 and $100 million annually from December 2004 through 2012. Retailers, including Walmart Stores, brought the suit against MasterCard and Visa in 1996, claiming the associations violated antitrust laws by "tying acceptance of debit to (the) acceptance of credit (cards)."
 

Related Content

Reader Comments

Add a Comment

We welcome your thoughtful comments. All comments will display your real name.

Want to participate in the discussion?

Or log in for complete access.

  • Clear
  • Post
Be the first to post a comment for this story.
Products & Services

Network Monitoring Software

http://global.networldalliance.com/new/images/products/4335.png

4335/Network-Monitoring-Software

KingTeller -A8 Standard Lobby ATM

http://global.networldalliance.com/new/images/products/1149.png

1149/KingTeller-A8-Standard-Lobby-ATM

Monofunctional ATM - ProCash 1500xe

http://global.networldalliance.com/new/images/products/ProCash1500_sm.jpg

166/Monofunctional-ATM-ProCash-1500xe

Cryptera EPP 1217

http://global.networldalliance.com/new/images/products/4081.png

4081/Cryptera-EPP-1217

Mobile ATM

http://global.networldalliance.com/new/images/products/MobleBanking_100.gif

337/Mobile-ATM

Terminal Management System

http://global.networldalliance.com/new/images/products/3783.png

3783/Terminal-Management-System

KAL ATM Advertising/ CRM Solutions

http://global.networldalliance.com/new/images/products/KAL_Logo_SF100.gif

1225/KAL-ATM-Advertising-CRM-Solutions

Two Way Wireless for ATMs, The DPL Group Hercules Plus

http://global.networldalliance.com/new/images/products/931.png

931/Two-Way-Wireless-for-ATMs-The-DPL-Group-Hercules-Plus

DPL E-Link GPS Plus

http://global.networldalliance.com/new/images/products/4052.png

4052/DPL-E-Link-GPS-Plus

ATM makeover

http://global.networldalliance.com/new/images/products/blank_logo.jpg

1209/ATM-makeover

Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.