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March 28, 2014, 10:10:49 PM |
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Hi not exactly sure what you are saying but assume you do not want to open a link so the key wording of the article is copied below.
Wal-Mart is the world's largest retailer, and made $4.4bn in profit for the last three months
The move comes after Wal-Mart opted out of a $5.7bn settlement with Visa and Mastercard in December.
Wal-Mart and other US retailers, such as Target, objected to the terms of that agreement.
Visa had sued Wal-Mart in June 2013 to prevent the firm from filing a lawsuit.
Wal-Mart, which is the world's largest retailer, argues that Visa worked with large banks "to illegally fix the interchange fees and inflate the network fees that Wal-Mart and other merchants pay on Visa charge card transactions".
Those large fees then caused "enormous damage" between 2004 and 2012, the retailer claims.
Wal-Mart is now suing Visa for damages, which it estimates to be over $5bn.
Visa declined to comment on the lawsuit, which was filed this week in Fayetteville, Arkansas, near Wal-Mart's headquarters.
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