Antitrust regulator checks up on savings impact from 2009 credit card fee settlements

Thu, 18 Oct 2012

By Paul McBeth Oct 18 (BusinessDesk) - The Commerce Commission has embarked on a survey of retailers to find out what impact its 2009 settlement agreements with credit card issuers MasterCard International and Visa and other financial institutions over the fees charged to cover banks costs of credit card transactions. The antitrust regulator will survey more than 3,000 retailers nationwide to find out what impact the new rules have had at the till, it said in a statement. In 2009, the commission cut deals with over fees that were smeared a...

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