Los Angeles Business Journal

Retailers: Card Pact Still Not Good Enough

Monday, July 16, 2012

A trade association representing 3,700 convenience stores plans to challenge last week's $6.6 billion lawsuit settlement between the credit-card industry and merchants. The Wall Street Journal reports that the National Association of Convenience Stores believes the deal doesn't address the core issue of how much control Visa, MasterCard and card-issuing banks have over merchants.