By Wendy Kaufman
Originally published on Mon July 16, 2012 4:54 pm
Transcript
SCOTT SIMON, HOST:
Visa, MasterCard, some of the nation's other largest banks have agreed to a multibillion dollar settlement of a class action suit involving credit card transaction fees. Now, those are what merchants pay when you use plastic instead of cash. Retailers allege that the two largest payment networks conspired with the banks to keep so-called swipe fees high. NPR's Wendy Kaufman reports.
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