PSW - Visa/MC antitrust suit
 

MasterCard and Visa face antitrust lawsuit


it's about time :thumbsup

What goes around comes around :thumbsup

"Even though it has been over ten (10) months since PSW was terminated and no fines or penalties have been assessed by MasterCard or Visa, First Financial continues to hold back over $1.6 million in PSW?s reserve account and refuses to release the funds. ?Knowing that this lawsuit is coming, it is obvious at this point that they are holding these funds as ?leverage,? although I could probably use a stronger word to describe this tactic,? suggested John Lombardi, a principal of PSW."

Good to see it's all happening finally... although the article mentions that PSW were forced out of business, I have never seen any official notice or communication from PSW saying this.

about time somebody stuck it to those assholes.

i do remember people posting emails regarding them "closing" the doors. i am sure they couldn't say much as to why because i believe they filed this suit just around the time of them going under.

now if PSW is as relentless in going after V/MC as Homegrown has been against Acacia, we could all be seeing some serious changes in the next few years.

it is about damn time.

Good ! fuck visa they are getting too powerfull right now

Suing them is the right thing to do ... they act instead of talking

PSW owe us like $300k... :(

Ya better hope they win then

That's a lotta cash

at least now you have a better understanding as to why they didnt pay you.

im sure it doesn't make not having that money any better but it's good to know why.