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October 04, 2005

Publix Announces Suit Against VISA and MasterCard

Publix has announced it has filed a federal lawsuit against Visa and MasterCard "alleging that they are individually, along with their respective member banks, engaging in deceptive practices and restricting competition in violation of antitrust laws.

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Pay By Touch Financing

Matt Marshall reports for the San Jose Mercury News this morning on an expected announcement today by Pay By Touch Solutions regarding new financing.  Marshall reports in his article that the company will announce $130 million in new financing -- $55 million from convertible notes and $75 million in loans.

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