Merchants are calling into question the more-than-$20 billion in transaction fees a year charged by credit card companies, alleging that the practice amounts to price-fixing, collusion and conspiracy, a newspaper report said Thursday.
In an expanding credit card fight, more stores are accusing banks of working with Visa and MasterCard to illegally fix prices, the Wall Street Journal said, adding that some stores have already won large, undisclosed settlements.
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