12-20-2013, 08:38 AM
|
#5
|
|
Person who doesn't update the user title
Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
Posts: 6,402
|
Once again we lose...
NY Times
By HILARY STOUT
December 19, 2013
An Easing of Rules on Charges by Amex
Quote:
<snip>On Thursday, a group of small and midsize businesses reached
a settlement agreement with American Express in a class-action lawsuit.
Under the agreement, which a judge must approve, Amex will allow surcharges
to its cardholders as long as the same amount is levied on other credit and charge card users.
It agreed to drop a measure that required debit card surcharges at
the same level, according to a lawyer representing the company.
The deal comes less than a week after a judge approved a settlement
that included a similar change of rules in a huge class-action lawsuit against Visa and MasterCard,
billed as the largest private antitrust settlement in American history.
The changes clear the way for vendors of all types to institute essentially a two-tier pricing system
— charging more at the register to shoppers who pay by credit than to those who use debit cards or cash.
<snip>
|
.
Last edited by Lamplighter; 12-20-2013 at 08:47 AM.
|
|
|