The battle for your rights is being
fought on the legal front through court proceedings
and lobbying efforts. Stay up-to-date on legal
news here.
11/28/2007 Heartland Payment Systems Files Antitrust And Unlawful Competition Lawsuit Against MICROS Systems, Merchant Link And Chase Paymentech
Heartland Payment Systems has filed an antitrust action against MICROS Systems, Inc.; Merchant Link, LLC; and Chase Paymentech, owner of Merchant Link. The suit, filed in United States District Court in New Jersey, alleges the three companies have caused increased processing prices for table-service restaurants through an anti-competitive tying arrangement which violates the Sherman Antitrust Act and New Jersey's unfair competition laws.
4/23/2007 FTC Takes Aim At Merchant Processing Company
The Federal District Court in Oregon has frozen the assets of Beaverton-based Merchant Processing, Inc. (MPI), its owner, and affiliated companies. The court ordered a temporary halt to claims the Federal Trade Commission alleges are deceptive, and appointed a receiver to temporarily take control of the business. The FTC alleges that the defendants used deceptive tactics to sell credit and debit card processing services to thousands of small businesses across the county.
As of January 1, 2007 all debit cards issued by Visa and MasterCard are required to be clearly marked so that merchants can distinguish them from credit cards. The new card identification standards resulted from a class action antitrust lawsuit commonly referred to as the "Wal-Mart" class action suit.
