$7.2B settlement over card fees receives initial approval

When the credit card company calls it "fair and reasonable compromise", then you know it isn't. The same entity harms companies by imposing 2% fees on every transaction, which the company using credit card service has to pay for.

Never mind that every hidden cost and surcharge hasn't gone into security - credit cards, to this day, still have unencrypted magnetic strips...

All of this is yet another supply-side swindle, and when the banks put on the smiling smirk, that means we all know who the losers are.

Source: http://www.news.theusalinks.com/2012/11/11/7-2b-settlement-over-card-fees-receives-initial-approval/