Canadian Court Urged To Nix MasterCard, Visa Vendor Rules

Law360, New York (May 8, 2012, 5:51 PM EDT) -- Barring Visa Canada Corp. and MasterCard International Inc. from using their current rules to keep merchants from encouraging customers to pay with cash or debit over credit cards would force the companies to compete for vendors and lower costs for consumers, Canada's antitrust watchdog told a court Tuesday.

The Competition Bureau began making its case to the Canadian Competition Tribunal on Tuesday that the companies use anti-competitive merchant policies to shield the more than $5 billion a year they collect in hidden credit card fees from...
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