More retailers team up against credit card fees

Convenience Store News: Several large retailers, including The Kroger Co., Ahold U.S.A. Inc., Albertson's Inc., Eckerd Corp., Maxi Drug Inc., Safeway Inc. and Walgreen Co., filed a federal lawsuit against Visa U.S.A. Inc. and Visa International Service Association alleging that Visa has engaged in price fixing and restricting competition related to credit card transaction fees.

Retailers contend that rapidly rising interchange fees are costing retailers and consumers an estimated $20 billion or more each year. These increasing fees are coming at a time when consumers are becoming increasingly reliant on credit and debit cards.

More retailers team up against credit card fees

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