A group of retailers protest the conclusions of a credit card study sponsored - not...
Dec 13 2011, 12:08 ET
A group of retailers protest the conclusions of a credit card study sponsored - not coincidentally - by credit card giants such as Mastercard (MC), Visa (V), and American Express (AXP). Though the data from the credit card outfit claims stores are pocketing the difference from paying less in interchange fees to the tune of $825M since Oct. 1 and on pace for $8B in savings this year, the Merchants Payments Coalition isn't buying it. "Calling this research amateurish would be an insult to amateurs."