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Wal-Mart, Visa Negotiating Swipe-Fee Suit Settlement

BENTONVILLE, Ark. — Wal-Mart Stores Inc. and Visa Inc. are in talks aimed at settling the retailer’s $5 billion lawsuit over payment processing fees, according to a Bloomberg report.

The company disclosed the negotiations in a court filing on October 5 in Brooklyn federal court where dozens of retailers are pursuing claims against credit-card companies alleging they illegally fixed the interchange or “swipe” fees.

Wal-Mart, the world’s largest retailer, and other merchants dropped out of a nationwide settlement with Visa and MasterCard Inc. over the fees after retail trade groups argued that the compensation was too low and the terms too generous in allowing the card companies to raise rates in the future.

In May 2013, a group of 19 merchants including 7-Eleven Inc., Alon Brands Inc., Wal-Mart Stores Inc., Starbucks Corp. and Gap Inc. said they were opting out of the settlement. Inc. also dropped out of the deal and is pursuing claims in a separate lawsuit with a group of other retailers. Approval of the settlement, initially valued at $7.25 billion then lowered to $5.7 billion to account for the dropouts, is on appeal.

Wal-Mart claimed Visa’s conduct caused it to suffer “enormous damage” from January 2004 to November 2012. In the filing Monday, lawyers for both sides asked to delay information-sharing in the dispute to “continue to engage in discussions” on settling dueling lawsuits.

Randy Hargrove, a spokesperson for Wal-Mart, confirmed for Bloomberg that the companies are “attempting to resolve their litigation” and have asked the court to halt further proceedings.

Connie Kim, a spokesperson for Visa, declined to comment to the news agency.

The case is In Re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation–Opt Out Cases, 14-md-1720, U.S. District Court, Eastern District of New York (Brooklyn).


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Here at AATAC we are always looking for companies that may enhance our member’s businesses and better the industry as a whole. If you are interested in becoming a preferred vendor within our network please fill out this information form.

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Located on the front page of our national website is a field called “Question Of The Day” (QOD). Each day we post a different question about the products and services that are presented through our website. The answer to this question can be found on one of our partner’s web pages. Our members will navigate through the preferred vendors page to find the answer to your question while subconsciously educating themselves about your company! AATAC effectively selects members who answer the question correctly to win rewards which include; rebates, complimentary services, cash, promotional offers from vendors, prizes, giveaways, etc. *Your QOD should be 1-2 sentences in length and can not name a specific product or company within the question. 

Here are some examples:

Which preferred vendor offers your customers a 99% accurate drug test that reads results in five minutes?  

One of our partner’s provides important compliance training classes in a virtual setting for a low cost. Who is it?


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When your logo and redirect are added to our preferred vendors catalog it offers two very important elements to members:

  1. It tells them that your company has been vetted and approved for business within our network. 
  2. It encourages them to visit your website where they can learn more about your company.