The Federal Competitions Tribunal has thrown out a case brought forward by the Competition Bureau attempting to regulate the profusion of high-end credit cars flooding the market. The jungle of cards, some with low fees for retailers, others with charges of more than 2.5% on a purchase, add millions of dollars to the cost of doing business every year. The tribunal has essentially said that the card companies can carry on, requiring merchants to take all cards and preventing shopkeepers from refusing high-end cards or insisting on a surcharge to take it. CTV
