Visa Inc (V), Mastercard Inc (MA): Credit Card Giants, Big-Box Retailers Prepare for Battle

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As for the opting-out retailers, they will not have access to the more than $6 billion that the card issuers agreed to pay last summer, though they will have to abide by the new rules negotiated for the agreement. If the card companies and banks prevail in this latest suit, these retailers will likely be forced to accept the original terms of the pact in their entirety. If the issuers lose, all parties will surely be mired for many more years in the long-lived legal battle over interchange fees.

The article Credit Card Giants, Big-Box Retailers Prepare for Battle originally appeared on Fool.com.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends Costco Wholesale, MasterCard, Starbucks, Visa, and Wells Fargo. The Motley Fool owns shares of Bank of America, Costco Wholesale, MasterCard, Starbucks, and Wells Fargo.

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