CES Panelist Calls for Interchange Oversight

LAS VEGAS -- Mitch Goldstone, president and chief executive officer, 30 Minutes Photos Etc., Irvine, Calif., during a presentation on digital imaging at the Consumer Electronics Show yesterday, called on Congress to consider regulating interchange fees, he told SN. Goldstone is a lead plaintiff in an antitrust lawsuit against Visa and MasterCard, which is seeking to join with similar suits filed by supermarket companies and industry associations as a class-action. “What Visa and MasterCard are doing hurts the merchant, the consumer and the country,” Goldstone said he told attendees of the panel, adding that credit card companies “operate through a 1960s fee structure.” He said he chose to address the issue at CES because “everyone there is affected by this.”