Exact(8)
(Not coincidentally, Singapore may be the first country to force merchants to accept electronic money as legal tender, albeit not until 2008).
The commission said the investigation would also focus on MasterCard rules which hamper merchants from benefiting from better terms offered by other banks and which also force merchants to accept all types of MasterCard's cards.
Joke in a Boston newspaper, November 4, 1773: Colonist No. 1, hurrying to the Liberty Tree, says he hopes that a mob will force merchants to lower the price of tea, which has risen to a dollar a pound.
Since Russians were understandably reluctant to settle in such a bleak spot, Peter had to bring them there by force: merchants were forbidden to trade from other cities, and noblemen were required to build houses in the new capital.
The Risk of Refusing Critics complain that Visa does not fight fair, and that it used its market power to force merchants to accept higher costs for debit cards.
The settlement, which was approved by Judge John Gleeson of Federal District Court in Brooklyn, resolved a six-year-old class-action lawsuit brought by the retailers that accused the two card networks of using their dominance in credit cards to force merchants to accept their debit cards as well, despite less-expensive debit processing offered by competitors.
Similar(52)
Human smugglers are reportedly throwing pregnant woman and children into the sea and leaving them to drown to force merchant vessels to take migrants ashore.
At the same time, the banks and their partners at Visa and MasterCard forced merchants to pay ever more for the privilege of accepting these cards.
The freeze follows a decree issued in late June that forced merchants and wholesalers to reduce all prices by at least 50percentt.
The museum's wall text recalls a 1936 film, "Bullets or Ballots," in which Humphrey Bogart begins his career as a hoodlum who forces merchants "to accept his pinball machines".
The settlements stemmed from a class-action lawsuit filed in 1996 by Wal-Mart StoRoebuck & CompanyRoebuck & Compand and a handful of other large retailers, which contended that Visa and MasterCard had violated antitrust laws by forcing merchants to accept their debit cards if they wanted to accept their credit cards.
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Justyna Jupowicz-Kozak
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