Mastercard settled DOJ antitrust challenge to rules restricting merchant price competition
Company: Mastercard Incorporated
Summary
DOJ challenged Mastercard and Visa rules that prevented merchants from offering discounts, rewards or information to encourage consumers to use lower-cost payment methods. Mastercard and Visa agreed to a proposed settlement requiring them to allow merchants greater freedom to steer customers toward cheaper payment methods. Source: https://www.justice.gov/sites/default/files/atr/legacy/2010/10/04/262867.pdf