Detailed text transcripts for TV channel - FOXNEWS - 20120714:22:36:00
>> there is a part of the agreement that would allow merchants and retailers to charge customers more who want to pay with credit cards, right? >> the argument from visa and mastercard, rick, is the following. they believe they can charge these fees to merchants because people spend more when they use plastic whether it be credit or debit card. we can look at the numbers. i believe it is true, but the fees they charge, the visas and the master cards, it seems as if as i look through the settlement it isy gree jus in nature. >> this is a lot of money, kyle. companies don't hand over billions an...