Wal-Mart (WMT) calls on merchants to turn down the proposed settlement in which Visa (V) and...

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Wal-Mart (WMT) calls on merchants to turn down the proposed settlement in which Visa (V) and Mastercard (MA) would pay them $7.25B for fixing swipe charges. The deal "would not structurally change the broken market or prohibit credit card networks from continually increasing hidden swipe fees," Wal-Mart says. (PR)