Credit Card Cartels Landed With $6.2 Billion Price-Fixing Bill

Visa and Mastercard have run up the mother of all credit card bills. The monopolistic payment providers had been embroiled in a long-running lawsuit instigated by merchants protesting their excessive fees. The credit card giants have now conceded defeat and agreed to settle the price-fixing case for a whopping $6.2 billion.

Also read: Raising the Dead: Is Bitcoin Cash Fiat Currency?

Visa and Mastercard Cop to Running a Card Cartel

Millions of Visa and Mastercard customers enjoy a...

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