Top Payment Processor Faces Tying Allegations

Law360, New York (November 28, 2007, 12:00 AM EST) -- A payment processing company has accused Chase Paymentech Services LLC of orchestrating an “elegant and insidious” scheme to corner the payment processing market in the restaurant industry via tying and other anti-competitive methods.

Heartland Payment Systems Inc. filed a complaint Monday in the U.S. District Court for the District of New Jersey against Paymentech, its subsidiary Merchant Link LLC and technology firm Micros Services Inc.

Heartland brought counts of unlawful tying and unreasonable restraint of trade under the Sherman Act and a common-law claim of unfair...
To view the full article, register now.