Wal-Mart Sues Visa (V) for $5B Over Interchange Fees

Wal-Mart (WMT) is suing Visa (V) for more than $5 billion over what it says were excessively high card swipe fees, the Wall Street Journal reports. The world’s largest retailer is accusing the payment network of violating antitrust regulations by setting uncompetitive swipe fees, also known as Interchange fees. “The anticompetitive conduct of Visa and […] View the full post at: Wal-Mart Sues Visa (V) for $5B Over Interchange Fees Related posts: Wal-Mart Guilty of Currency Manipulation? President of Visa Inc. Steps Down JPMorgan Switching Debit Platform Over to Visa from MasterCard