Digital Transactions – 6/14/13: Going on the offense for the second time in less than a month, Visa Inc. on Wednesday filed a lawsuit against Wal-Mart Stores Inc. seeking to prevent the world’s largest retailer from suing Visa over interchange. Bentonville, Ark.-based Wal-Mart is mulling a legal challenge to the bank card networks on grounds that the way they set interchange violates antitrust laws. Visa’s new suit in U.S. District Court in Brooklyn, N.Y. doesn’t ask the court to actually forbid Wal-Mart from suing, but it does seek a declaration that the Visa conduct Wal-Mart would question has been legal, making a lawsuit pointless.
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Source: Paymentspulse