The UK looks set to be the next battleground in the ongoing legal skirmishes between retailers and card schemes, as a host of merchants file suit in London against Visa over interchange fees.
Wal-Mart Stores' Asda unit, William Morrison Supermarkets, Arcadia Group, Comet, Iceland and at least six other big nationwide chains have commenced legal proceedings against Visa over payment-processing fees.
According to Bloomberg
, the companies sued Visa and its former European affiliate Visa Europe Ltd., at a London court on July 23.
MasterCard is also being sued by more than a dozen companies over the fees in the UK.
The wave of lawsuits follow the publication last week of controversial proposals by the European Commission to impose caps on the variable interchange fees levied on merchants by MasterCard and Visa across the eurozone.
In the US, the two card schemes are engaged in a full-blooded tit-for-tat legal tussle with merchants over a proposed $7.2 billion class action settlement on interchange charges, which has failed to win over some of the nation's largest stores.