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Albertsons Joins Antitrust Suit Against Visa USA

Tags » Associations, Interchange Fees, Merchants, Visa  » Comments (0)

Melissa McGrath reports for the Idaho Statesman on Albertsons joining the antitrust lawsuit filed by Kroger against Visa USA. Albertsons is headquartered in Boise, Idaho.

Our clients want structural relief from the way in which interchange fees are set and the rules that prop up interchange and prevent competition for merchant electronic payment business," Blechman said. "They also want damages from overcharges."

Blechman said the grocers decided to sue Visa after other efforts to resolve the problem outside of court did not work. The lawsuit against Visa does not prevent a future lawsuit against Mastercard or other companies, Blechman said, but no other lawsuits have been discussed at this point.

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