Wal-Mart sues Visa for $5 billion over card swipe fees

Source: Reuters

- Last modified: March 28, 2014 at 8:34 AM

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REUTERS - Wal-Mart Stores Inc (NYS:WMT - News) this week sued Visa Inc (NYS:V) for $5 billion, accusing the credit and debit card network of excessively high card swipe fees, several months after the retailer opted out of a class action settlement between merchants and Visa and MasterCard Inc (NYS:MA - News).

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