Credit card firms to pay $6b

markets

Credit card firms to pay $6b

NEW YORK — Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. As part of the settlement, stores from Rite Aid to Kroger will be allowed to charge customers more if they pay using a credit card.

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Credit card firms to pay $6b

markets

Credit card firms to pay $6b

NEW YORK — Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. As part of the settlement, stores from Rite Aid to Kroger will be allowed to charge customers more if they pay using a credit card.

markets

MasterCard, Visa in $6B settlement over card fees

markets

MasterCard, Visa in $6B settlement over card fees

NEW YORK — Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. As part of the settlement, stores from Rite Aid to Kroger will be allowed to charge customers more if they pay using a credit card.

markets

markets

Dewa’s ITD applauded

Saeed Mohammed Al Tayer, managing director and chief executive officer of Dubai Electricity and Water Authority, or Dewa, has applauded the achievements of the Information Technology Division (ITD) for its work on e-services and the successful implementation of the SAP enterprise resource planning at Dewa. The MD & CEO thanked Marwan bin Haider, CIO and VP — ITD and other members of ITD at Dewa headquarters for their dedication and hard work on Dewa’s SAP e-transformation project.

markets

markets

UPS brings new online tools to UAE

UPS on Thursday announced enhancements to several technology tools for UAE customers that streamline the process of creating shipments online and enhance their ability to track multiple shipments at once.

markets