The credit union industry has kept a close watch on the litigation involving credit card interchange, but few people know that the merchant who launched the lawsuit against Visa, MasterCard and six major banks is not a huge retailer.
In fact, the lead plaintiff in the largest proposed antitrust settlement in U.S. history is actually a small business owner.
Mitch Goldstone, president/CEO of ScanMyPhotos.com, an online photo service based in Irvine, Calif., filed the lawsuit in 2005 with his partner, Carl Berman.
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