Thursday, January 6, 2011
"Visa and MasterCard's anticompetitive behavior hurts businesses and consumers alike," said Melanie Aitken of Canada's Commission of Competition. "It is particularly harmful for small and medium-sized businesses, key engines for economic growth in Canada."
In a statement, Visa called the bureau's suit "anti-consumer." The company's rules "protect consumers from being punished by large retailers who seek to impose surcharges," Visa stated. "Visa's policies do not preclude retailers from offering an incentive to customers to use different forms of payment."
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