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January 10, 2012 01:00 pm PST

How Mastercard and Visa rip off merchants with secret, 1,000-page "agreement"

Cisero's, a Park City, UT restaurant that is a darling of Sundance festival attendees has been hit by enormous fines from Mastercard and Visa, who claim, without evidence, that the restaurant is responsible for $1.26M (or $1.33M, or $511,513, or $55K, or $100K) in fraud, and so the card companies have seized $15K from the [...]


Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/8szhuVTYj3s/how-mastercard-and-visa-rip-of.html

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