Juicy Payments Reading: “Priceless” by Lloyd Constantine

by Carol Coye Benson on September 11, 2009

in Books, Card Networks, Card Payments, Carol Coye Benson, Credit Cards, Recommended Reading

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The Glenbrook team is devouring advance copies of “Priceless: The Case that Brought Down the Visa/MasterCard Bank Cartel” by Lloyd Constantine.

All I can say is “wow”!  This is juicy reading that I’m sure all payments professionals will want to add to their book bag!

From the advance material on the book:

415fpeqe2TL._SL160_.jpgPriceless offers readers an insider’s telling of the case that ended with the breakup of the Visa/Mastercard credit cartel and a $3.4 Billion settlement. Lloyd Constantine, founder of Constantine and Partners, the small boutique antitrust firm that could, and lead counsel on the Visa/Mastercard case, takes no prisoners as he tells his side of what happened in this very public lawsuit whose outcome continues to affect economics today.”

Priceless is now available for pre-order from Amazon.com. It’s scheduled for release on October 6.

{ 1 comment… read it below or add one }

Broox Peterson September 11, 2009 at 2:37 pm

It will be fascinating to see how Lloyd takes credit for changing the world, although it is not at all clear that the merchants would have prevailed at trial had the presiding federal judge not crammed a settlement down everyone’s throats (I was there). Lloyd was holding out for a lot more than the judge forced him to take. The judge sidetracked more than a few careers by preventing Visa from taking the case to trial, and probably set the stage for the eventual IPO, although I doubt he got “friends and family” shares.

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