Visa/MasterCard Swipe-Fee Settlement Struck Down

Total Retail’s Take: Credit cards are causing quite a stir for retailers. On top of this lawsuit, Visa is being sued by Kroger, Walmart and Home Depot. Credit cards are convenient for both shoppers and retailers. Transactions are paperless and automatically processed. Forcing consumers to pay processing fees doesn’t seem like the right thing to do because of the swiftness they provide to both sides. However, consumers aren’t quitting cards anytime soon, so these companies might have the upper hand in the end.