Credit card use in Newark, Irvington tied to New Providence vehicle burglaries
News from Independent Press – NJ.com:

By Independent Press Independent Press
on October 19, 2012 at 1:36 PM

The Brookside Drive/Badgley Drive neighborhood was hit with two vehicle burglaries recently. A credit card stolen in one incident was later used at a Newark gas station.

NEW PROVIDENCE — New Providence Police report that credit cards stolen during vehicle burglaries here have been used at gas stations in Newark and Irvington.

Police gave the following account.

On Oct. 9 a Martins Lane resident reported that, after she heard her car door close at about 9:50 p.m., she looked from the window and saw lights on inside the car. After checking the car, she found that her wallet and a GPS uni…………… continues on Independent Press – NJ.com

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Visa, MasterCard Merchant Fee Settlement Sent to Judge
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Visa Inc. (V) and MasterCard Inc. (MA)’s settlement of a merchants’ lawsuit over credit card fees, a deal that may cost the companies and banks as much as $ 7.25 billion, was submitted for approval to a federal judge.

Plaintiffs’ lawyers today formally asked U.S. District Judge John Gleeson in Brooklyn, New York, to sign off on the agreement covering about 7 million retailers. The settlement would resolve seven years of litigation over allegations that Foster City, California-based Visa and Purchase, New York-based MasterCard conspired with major banks to fix the fees merchants pay when customers use a credit card.

“Today’s filing is an important milestone toward resolving the long-running litigation between the nation’s retailers, financial institutions and payment networks,” Josh Floum, Visa’s general counsel, said in a statement. “When final…………… continues on Businessweek

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