Visa (V) is suing Wal-Mart (WMT) to stop the retail giant from seeking more damages, rather than...

|About: Visa Inc. (V)|By:, SA News Editor

Visa (V) is suing Wal-Mart (WMT) to stop the retail giant from seeking more damages, rather than accept a $7.25B settlement Visa and MasterCard (MA) agreed to for card interchange fees. Wal-Mart was one of 19 retailers that said last month it would opt out of the settlement, arguing it would "allow credit card companies and big banks to perpetuate an unfair and broken system that costs all consumers."