2. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 2
BUSINESS &
TECHNOLOGY
INNOVATION
REPORT
Week 29
Headlines
Consumer Electronics (CE)
• Samsung Electronics Co Ltd said that it
has temporarily halted business with a
Chinese supplier.
• LG has promised that its flexible,
curved, transparent 60-inch OLED TV.
• Vizio aims to sell one million Ultra HD
TVs in 2014.
• The total connected living room market
is expected to cross $357.24 billion.
ICT
• Apple is gearing up to launch a new
product that will utilize its location-
aware iBeacon technology.
• Production of the iPhone 6 has either
just begun, or is days away from
starting.
• Fuel cell firm Intelligent Energy may be
partnering with Apple to introduce fuel
cell technology.
• IBM will partner exclusively with Apple
to sell iPhones and iPads.
• Foxconn Electronics has unveiled a
green tunnel-like data center in
Guiyang, southwestern China.
• China-based vendor TCL
Communication Technology Holdings is
expected to ship 35-40 million
smartphones and tablets.
• Global notebook shipments dropped
4.9% in the second quarter of 2014.
• Big Data investments will account for
nearly $30 Billion in 2014 alone.
Flat Panel Industry
• AU Optronics (AUO) will begin volume
production of 43-inch (42.5-inch) LCD
TV panels at its 7.5G and 8.5G
factories.
• Global shipments of large-size panels
reached 71.78 million units in June
2014.
• South Korea-based panel makers have
been developing OLED TV panels with
Ultra HD resolution.
• Improvements in production yields of
AMOLED handset panels are closing the
manufacturing cost gap between
AMOLED and TFT LCD smartphone.
• Smartphones equipped with 2K (2560
by 1440) displays are starting to
appear in the market.
Semiconductor Industry
• Broadcom has announced its latest
portfolio of chips aimed at the
emerging market of small-cell base
stations.
• Intel said that it has created a
customized version of its Xeon E7 x2
processor.
• Atmel Corp. is solidifying its
SmartConnect wirelessportfolio with a
$140 million deal to acquire Newport
Media Inc.
• MediaTek has introduced the MT6795,
the 64bit True Octa-
core LTE smartphone SoC offering.
• MediaTek unveiled the latest
technology that enables 120Hz display.
• Semiconductor Wireless Sensor
Networks Markets at $2.7 billion in
2013 are forecast to reach $12
billion Worldwide by 2020.
Software Industry
• Nest Labs is leading the charge of tech
companies launching a new wireless
protocol for Internet of Things devices.
• Google is sending out Project Ara
hardware to developers cooking up
parts for the hotly-anticipated modular
smartphone.
3. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 3
• Microsoft Corp.'s new chief executive
has signaled a new era for the
company.
• Mozilla will launch a series of
inexpensive Firefox OS smartphone
models.
• LinkedIn’s has announced it has
acquired Newsle.
Service Industry
• Turkcell announced Turkey’s first
Connected Car Platform.
• European datacentre services market
will see a growth of 16% up to 2018.
Retail and Payment Industry
• Twitter just announced it’s acquired
CardSpring to enable “in-the-moment
commerce experiences.”
• Powa Technologies has sealed
partnerships with many of the world’s
leading POS resellers, accelerating
global access to next generation
payments solutions.
• Paysera has developed a technology
that will replace existing parking habits
in parking lots all over the World.
• A federal judge declined to dismiss
antitrust lawsuits filed against Visa Inc
and MasterCard Inc by retailers who
opted out of an estimated $5.7 billion.
Consumer Electronics (CE)
Samsung
Halted business with Chinese supplier
• Samsung Electronics Co Ltd said that it
has temporarily halted business with a
Chinese supplier after finding evidence
of suspected child labor.
• Samsung Electronics, in a statement
posted on its official blog site, said it
would permanently end business with
Dongguan Shinyang Electronics Co Ltd
if the allegations that the firm used
child labor are confirmed.
Samsung’s stock performance
LG
Transparent 60 inch OLED TV
• LG has promised that its flexible,
curved, transparent 60-inch OLED TV
screen scheduled for 2017 will come
out on time. However, "showing off or
announcing a display and being able to
have volume commercial production
are two different things," cautioned
Sweta Dash, director of display
research and strategy at IHS. Still, at
some point, "rollable flexible displays
will be a big thing.”
4. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 4
LG’s stock performance
Vizio
Ultra HD TV
• Vizio aims to sell one million Ultra HD
TVs in 2014 largely driven by sales in
the North America market during the
second half of the year, according to
industry sources.
• The panels used in the Vizio TVs are
expected to come from AU Optronics
(AUO) and Innolux while Amtran,
Wistron, TPV and Foxconn Electronics
will be responsible for assembly
production.
• Vizio's sales goal comes as global
shipments of Ultra HD TVs may reach
as high as nearly 20 million units in
2014, with China expected to be the
largest market for the technology.
About three million Ultra HD TVs were
sold in China during the first half of
2014 and sales are expected to reach
around eight million in 2014.
CE Market
Connected Living Room Market
• The total connected living room market
is expected to cross $357.24 billion by
2020 with a single digit growth rate.
Currently, the market value is
approximately $197.58 billion.
ICT Industry
Apple
iBeacon
• Apple is gearing up to launch a new
product that will utilize its location-
aware iBeacon technology, according to
a filing with the Federal
Communications Commission.
• Apple’s iBeacon technology has recently
made waves in the retail industry. The
system enables apps to pin-point
exactly where a user is located in
relation to an iBeacon sensor,
optimistically creating new
opportunities for businesses to interact
with customers in-store.
• Third-party companies have long
offered iBeacon-powered hardware, but
Apple has yet to debut its own device.
Now, according to the filing below,
Apple-branded hardware is on the way,
but as 9to5Mac points out, it’s not yet
clear how the new hardware will be
marketed.
• The purpose of the device could vary
greatly; it could serve as a replacement
to the third-party sensors used in Apple
stores since last December, it could be
sold directly to retailers, or it could take
the form of Apple’s first smart-home
device.
Apple’s stock performance
5. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 5
iPhone 6
• Production of the iPhone 6 has either
just begun, or is days away from
starting, according to a new report
from Taiwan’s Economic Daily News.
• The newspaper claims that mass-
production of the eagerly-anticipated
next generation 4.7-inch iPhone 6
handset is set to begin during the third
week of July – making it either this
week or next – while production of the
larger 5.5-inch “phablet” iPhone 6 will
begin during the second week of
August. No sources were cited for
either of these reports.
• Production on the 5.5-inch iPhone 6 is
said to have been plagued by issues
related to the battery, display, and
casting. Respected Apple analyst Ming-
Chi Kuo of the Taiwanese firm KGI
Securities has previously suggested
that for this reason the handset could
be delayed to 2015 — although if these
new reports are to be believed, that
may not be the case.
Partnering with Intelligent Energy for Fuel
Cell
• Fuel cell firm Intelligent Energy may be
partnering with Apple to introduce fuel
cell technology into future MacBooks
and other mobile devices claims a
report in The Daily Mail. While the
tabloid does not have a strong rumor
track record, fuel cells have long been
discussed as a possible energy source
for portable electronics and there are a
few interesting pieces of information
linked to the report.
Cooperation with IBM
• IBM will partner exclusively with Apple
to sell iPhones and iPads loaded with
applications geared at enterprise clients
this autumn, the company announced
on Tuesday.
• The announcement, just two days
before IBM releases its second quarter
earnings, comes as the company
attempts to shift its focus to software
and services as its hardware unit
continues to slump, and follows a string
of mobile software acquisitions. The
company hopes software sales will
contribute half of its total profit by
2015.
• The company will release more than
100 apps targeting industry specific
issues in retail, healthcare, banking,
travel, transportation and
telecommunications IBM said.
Foxconn
Data Center
• Foxconn Electronics has unveiled a
green tunnel-like data center in
Guiyang, southwestern China, with
architectural design taking into
consideration of the local environment
and climate to minimize energy
consumption, according to the
company.
• The data center is a fourth-generation
containerized facility, with its servers
produced by a joint venture set up by
Foxconn and Hewlett-Packard (HP),
Foxconn noted. The data center uses
natural ventilation for cooling and does
not need a cooling system, with
average PUE (power usage
effectiveness) reaching below 1.1,
Foxconn indicated.
• The data center will be initially used by
affiliates of the Foxconn Group for data
storage and computing/analysis and
support Guixzhou province to become a
cloud computing center in China,
Foxconn said. Since China Mobile,
China Telecom and China Unicom will
set up respective data centers in
Guizhou, Foxconn plans to cooperate
with the three telecom carriers.
6. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 6
Foxconn’s stock performance
TCL
Smartphone and Tablet Shipments
• China-based vendor TCL
Communication Technology Holdings is
expected to ship 35-40 million
smartphones and tablets as well as 25
million feature phones in 2014,
according to Taiwan-based supply
chain makers.
• TCL Communication shipped nearly 30
million terminal devices, including
15.03 million smartphones and tablets,
during the first half of 2014, with the
China market accounting for 10% and
all overseas markets for 90%, the
sources pointed out.
• TCL Communication sells its products
under the brand TCL in the China
market and under another brand
Alcatel OneTouch in overseas markets,
the sources noted. TCL Communication
has been among the three largest
handset vendors in the Latin America
market and has cooperated with AT&T
and T-Mobile in the US market, the
sources indicated.
• As TCL Communication has adopted
chip solutions developed by Taiwan-
based IC design house MediaTek for
almost all of its handset models,
MediaTek is expected to benefit from
TCL Communication's sales growth, the
sources pointed out. However, TCL
Communication has set up a large
factory with annual production capacity
of 120 million handsets in southern
China and therefore is unlikely to
release orders to Taiwan-based
handset ODMs, the sources indicated.
TCL’s stock performance
ICT Market
Notebook Shipments
• Global notebook shipments dropped
4.9% in the second quarter of 2014,
according to Digitimes Research.
Despite the end of Windows XP
bringing about a surge of notebook
orders, panels and some key
components were in limited supply, and
demand in China and South and
Central America was down, resulting in
the sequential decline.
• Despite the decline, Hewlett-Packard
(HP) saw 19.1% on-year growth in the
second quarter as it capped on
business opportunities prior to the
discontinuation of Windows XP coupled
with aggressive strategies in gaining
shipments in the education segment
from as early as the second half of
2013. Acer meanwhile reported 31.3%
sequential growth during the second
quarter as retail partners adjusted their
inventories and the vendor released
new units.
• In terms of OEMs, the two largest
makers held a 61% share in shipments.
Additionally, Wistron saw 13.3%
sequential growth while Inventec and
Pegatron both saw less than three
million units shipped each,
added Digitimes Research.
7. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 7
Big Data Investments
• Despite challenges relating to privacy
concerns and organizational resistance,
Big Data investments continue to gain
momentum throughout the globe. SNS
Research estimates that Big Data
investments will account for nearly $30
Billion in 2014 alone. These
investments are further expected to
grow at a CAGR of 17% over the next 6
years.
Flat Panel Industry
AUO
43’’ LCD TV Panels
• Taiwan-based AU Optronics (AUO) will
begin volume production of 43-inch
(42.5-inch) LCD TV panels at its 7.5G
and 8.5G factories in the third quarter
of 2014 in order to evade intense
competition for 39- to 42-inch models,
according to industry sources in
Taiwan.
• LCD TV panels sized 43-inch were
actually introduced into the market
back in 2011 from Samsung Display but
did not carve a niche in the market due
to low yields, leading Samsung to focus
primarily on production of 40- and 48-
inch panels.
• AUO now is hoping to popularize the
panel technology as an alternative to
42-inch panels, which are likely to
suffer in shipments due to Innolux's
recent moves to produce 39.5- (40-
inch) panels to combat 39- to 42-inch
panels.
• Market observers believe that
shipments of 39- to 42-inch TV panels
are likely to reach around 70 million
units in 2014, and that AUO's move
could influence those numbers.
AUO’s stock performance
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} 8
Panel Market
Large Size Panels
• Global shipments of large-size panels
reached 71.78 million units in June
2014, up 3.4% on month. TV panel
shipments reached 20.95 million, up
0.6% on month, while monitor panels
slipped 1.4% to 13.48 million largely
because increased demand for TV
products pushed down demand for
monitors. Notebook panel shipments
meanwhile reached 16.29 million, down
3% on month, and tablet panel
shipments reached 21.05 million, up
16.2% on month, according to
WitsView.
• Moving into July 2014, large-size panel
shipments are expected to drop 6-8%
as various China-based vendors slow
down procurement. This will lead to a
3-4% decline in overall TV panel
shipments while monitor panel
shipments will witness an 8-9%
decline. Notebook panel shipments
meanwhile will decline 10% in July and
tablet panel shipments will see an on-
month decline of 7%, added WitsView.
OLED TV Panels
• While Samsung Electronics is focusing
on Ultra HD TVs instead of OLED TVs,
South Korea-based panel makers have
been developing OLED TV panels with
Ultra HD resolution, according to
Taiwan-based panel makers.
• Korea TV vendors anticipate growth for
Ultra HD TVs in the high-end TV
segment over OLED TVs due to price
advantages and have since been
developing a variety of UHD products
ranging from 40- to 80-inch plus units
that also come equipped with curved
features.
• OLED TV shipments are expected to be
limited in 2014 while Ultra HD TV
shipments are expected to reach 17.83
million, up 475% on year, said
Digitimes Research, adding that in
2017 global Ultra HD TV panel
shipments will reach 72.5 million.
• Despite the increasing popularity for
Ultra HD TVs, Korea panel makers still
anticipate growth for OLED TVs over
the next few years, with shipments
expected to see some of the biggest
increases as of 2017 when OLED TV
panel material costs are expected to
decrease and yields increase.
AMOLED Panels
• Improvements in production yields of
AMOLED handset panels are closing the
manufacturing cost gap between
AMOLED and TFT LCD smartphone
displays. According to DisplaySearch,
manufacturing costs for AMOLED
panels are currently 10-20% higher
than for TFT LCD displays; however,
manufacturing costs for AMOLED
handset displays are expected fall
below costs for LCD handset displays
within two years due to rapid
improvement in AMOLED panel
production yields.
• Early on, AMOLED panels were
expected to cost less than LCD panels,
because they do not require
backlighting. Instead, production
challenges kept AMOLED yields low, so
costs remained higher than for
equivalent LCDs. AMOLED became a
high-end product, due to its high color
gamut, good contrast, and slimness.
Recent production yield improvements
are expected to help AMOLED
penetrate more broadly into
smartphone panels, said the firm.
• "Until recently there have been few
breakthroughs in the production of
AMOLED displays, and the OLED
industry seemed to be facing hard
times," said Jimmy Kim, senior analyst
of display materials and LED at
DisplaySearch. "If AMOLED costs fall
below LCDs, as expected, it would lead
to more opportunities for the OLED
display industry, greater competition
with LCD, and more choices for
consumers."
• For example, currently there is a 16%
cost gap between 5-inch AMOLED and
LCD 1920 by 1080 handset panels, but
AMOLED panel costs are expected to
fall below LCD panel costs when
AMOLED production yields reach 90%,
which is within sight. With cost
9. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 9
reductions for OLED materials, the yield
rate can be lower and still have a
similar effect, added DisplaySearch.
2K Displays
• As smartphones equipped with 2K
(2560 by 1440) displays are starting to
appear in the market from vendors
such as Vivo, more vendors are
expected to launch 2K-smartphones in
the second half of 2014, according to
sources with Taiwan-based supply
chain makers.
• Vivo launched its first smartphone
equipped with a 6-inch 2K display, and
Oppo and LG Electronics have followed
suit by launching smartphones
featuring 2K screens.
• Smartphones will increase resolutions
and larger sizes are expected to be the
focus of handset vendors' new products
throughout the rest of 2014 into 2015
as competition increases and price wars
intensify, the sources said.
• AU Optronics (AUO), JDI and Samsung
Display are expected to be the main
suppliers of 2K panel technology in the
second half of 2014, the sources
added.
• The sources also said vendors in China
are expected to release various 4G
smartphones with 2K panels in the
second half due to 4G developments in
the nation.
Semiconductor Industry
Broadcom
Small Cell Base Stations
• Broadcom has announced its latest
portfolio of chips aimed at the
emerging market of small-cell base
stations. Geared for residential and
enterprise systems, the company said
its BCM617XX 3G and 4G LTE chips can
compete with chip vendors more
established in telecommunications
macro cells.
• The SoCs claim to deliver data rates up
to 300Mb/s, support LTE carrier
aggregation and have a digital RF front
end. They pack a dual core, quad-
threaded Broadcom Zephyr processor
that can autonomously configure WiFi,
provision the cell and listen to traffic to
mitigate interference, noted Broadcom.
Broadcom’s stock performance
Intel
Customized chip for Oracle
• Intel said that it has created a
customized version of its Xeon E7 x2
processor that is tailored to work with
Oracle software. The new chip will
supposedly allow for better performing
Oracle applications that can handle
more tasks than they could previously
handle.
10. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 10
Intel’s stock performance
Atmel
Acquisition of Newport Media
• Atmel Corp. is solidifying its
SmartConnect wirelessportfolio with a
$140 million deal to acquire Newport
Media Inc. (NMI), another key
investment to advance itsIoT strategy.
Atmel’s stock performance
Mediatek
2K display in Smartphone
• MediaTek has introduced the MT6795,
the 64bit True Octa-
core LTE smartphone SoC offering what
the company says is the world's first 2K
display support. According to MediaTek
the SoC is geared to empower high-end
device makers to leap into the Android
64bit era.
• The MT6795 is set to be the first 64bit,
LTE, True Octa-core SoC targeting the
premium segment, with speed of up to
2.2GHz, to hit the market. The device
features MediaTek's CorePilot
technology providing advanced multi-
processor performance and thermal
control, as well as dual-channel
LPDDR3 clocked at 933MHz for top-end
memory bandwidth in a smartphone,
noted the company.
Mediatek’s stock performance
120 Hz Display on Mobile devices
• MediaTek unveiled the latest
technology that enables 120Hz display
on mobile devices, revolutionizing the
high-end mobile experience. The
breakthrough is made possible by
combining Japan Display's leading
panel technology with MediaTek
System on Chip's (SoC) processing
capabilities, resulting in a vastly
superior mobile experience than ever
before.
• Breaking the barriers of the 60Hz
refresh rate to which smartphones have
been limited to date, MediaTek and
Japan Display havepushed the display's
refresh rate to 120Hz, promising
smooth scrolling and crystal clear view
relative to a common 60Hz display.
Capable of rendering content at 120
frames per second (fps), the MT6595
and MT6795 also enable the ultimate
display clarity and motion fluency on
120Hz displays, improving all aspects of
mobile experiences – from camera
recording, video playback, and gaming,
to the entire user interface (UI)
experience.
11. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 11
Semiconductor Market
Wireless Sensor Market
• Semiconductor Wireless Sensor
Networks Markets at $2.7 billion in
2013 are forecast to reach $12
billion Worldwide by 2020. Wild growth,
frequently measured as penetration
rates is a result of the change out of
wired sensor networks for wireless
ones. In addition, the wireless networks
have a broader reach than the wired
ones did, spurring market extensions in
a variety of applications, some not even
thought of so far.
Software Industry
Google
New Wireless Protocol
• Nest Labs, the connected thermostat
upstart acquired by Google for $3.2bn,
is leading the charge of tech companies
launching a new wireless protocol for
Internet of Things devices.
• The Google-owned Internet of Things
biz has, in effect, turned up the heat on
a standards war.
• The major difference between the new
low-power Thread networking
protocol that Google wants to see take
root and Bluetooth Smart (aka
Bluetooth Low Energy, BLE or
Bluetooth 4.0) – and still called BLE by
everyone – is that Thread is IPv6-based
while BLE is not.
• The model for BLE is that the phone (or
any other device) sits on the edge of IP
network and Bluetooth connects to it.
This, however, is expected to change,
according to Bluetooth SIG member
and leading expert in the world of
connecting devices with minimal
power Nick Hunn.
Google’s stock performance
Project Ara – Modular Smartphone
• Google is sending out Project Ara
hardware to developers cooking up
parts for the hotly-anticipated modular
smartphone.
12. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 12
• Project Ara is a plan for a modular
smartphone from the bods at Google's
Advanced Technology and Projects
group, the California-based search
engine's research and development
brain trust. You'll build your phone
from modules you choose, each module
a square of varying size that attaches
to the phone with electro-permanent
magnets.
Microsoft
Cost Cutting
• Microsoft Corp.'s new chief executive
has signaled a new era for the
company with a heavy finger on the
delete key, erasing 18,000 jobs — 14%
of the workforce.
Microsoft’s stock performance
Mozilla
Inexpensive Firefox OS Smartphone
• Mozilla will launch a series of
inexpensive Firefox OS smartphone
models in the Indian market this
month, at prices of up to US$50 or
around Rs 3,000, company COO and
Mozilla Taiwan CEO Gong Li reported
to Digitimes.
• When launched in Latin America and
some European markets in July 2013,
Firefox OS smartphones sold only about
one million units, Gong said. Mozilla
could partner with only one or two
telecom operators in these countries
which brought a relatively lukewarm
response towards these ultra-cheap
smartphones. However, it expects to
meet a different fate in India as Mozilla
is seeking cooperation with more than
10 retail chains here.
Linkedin
Acquisition of Newsle
• LinkedIn’s has announced it has
acquired Newsle, a service that lets you
import your contacts from Facebook or
LinkedIn and scans the Web to alerts
you whether anyone in your network
has been mentioned on the Web.
13. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 13
Service Industry
Turkcell
Connected Car Platform
• Turkcell, Turkey’s leading
telecommunications and technology
company, announced Turkey’s first
Connected Car Platform. The platform
connects the car and its driver to
mobile internet and essential location-
based services, enriching the driving
experience.
• Turkcell’s Connected Car Platform,
which will be available in select Subaru
and Volvo models in Turkey as of
August 1st, offers an infotainment
screen that works online.
Turkcell’s stock performance
Service Market
Datacenter Services Market
• European datacentre services market
will see a growth of 16% up to 2018,
thanks to the growth in enterprise
cloud computing, content-heavy
applications, and machine-to-machine
(M2M) connectivity – which forms the
basis for the Internet of Things (IoT).
• In addition, the cost advantage of
outsourcing as companies look for ways
to process an escalating amount of
data without the hassle of managing an
in-house datacentre is also pushing the
uptake of managed datacentres in
Europe, according to an analysis from
research firm Frost & Sullivan.
Retail and Payment Industry
Twitter
Acquisition of CardSpring
• Twitter just announced it’s acquired
CardSpring to enable “in-the-moment
commerce experiences.” CardSpring
is an application platform that lets
developers build card-linked offers
electronic coupons, loyalty cards, and
virtual currencies that work with credit
cards and other types of payments.
Twitter will keep the service open.
Twitter’s stock performance
PowaPOS
Mobile and Tablet POS platform
• In just two months since the launch
of PowaPOS, the first fully integrated,
mobile and tablet-based POS platform,
Powa Technologies has sealed
partnerships with many of the world’s
leading POS resellers, accelerating
global access to next generation
payments solutions. To further support
the growing demand for these
solutions, Powa Technolgies announces
the completion of its Alpha program
and rollout of its advanced PowaPOS
Software Developer Program to
independent software vendors (ISVs)
globally. Developers can access the
Developer Portal today, via
the PowaPOS website.
14. } BUSINESS & TECHNOLOGY INNOVATION REPORT
} 14
• “The PowaPOS SDK came with clear
documentation and an easy to use,
informative developer portal. Exactly
what our developers need to deliver
quick integration”
• The PowaPOS Software Developer
Program features the PowaPOS SDK
and online Developer Portal that,
together, simplify app integration with
PowaPOS point-of-sale hardware and
services, including PowaTag, the
company’s fast-growing mobile
commerce solution that has more than
500 brand partners around the world.
PowaTag’s global expansion was
recently enhanced with the acquisition
of Hong Kong-based MPayMe.
Paysera
Parking System
• Paysera, a global payment system, has
developed a technology that will
replace existing parking habits in
parking lots all over the world. The new
technology links the vehicle registration
plate with an e-wallet and ensures that
the driver can pay for parking without
leaving the vehicle.
Retail and Payment Market
Antitrust Lawsuits
• A federal judge declined to dismiss
antitrust lawsuits filed against Visa Inc
and MasterCard Inc by retailers who
opted out of an estimated $5.7 billion
class action settlement in 2012 over
transaction fees.
• Retailers such as Target Corp and
Amazon.com Inc have accused Visa
and MasterCard of fixing the fees
charged to merchants each time their
customers used credit or debit cards.
They also alleged the two companies
prevented merchants from steering
customers to cheaper forms of
payment.
References
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