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FarCenter

(19,429 posts) Fri Jul 13, 2012, 06:53 PM Jul 2012

2

Visa, MasterCard Settle Merchants’ Swipe-Fee Lawsuit

Visa Inc. (V), MasterCard Inc. (MA) and some of the biggest U.S. banks agreed to a settlement of at least $6.05 billion with retailers in a price-fixing case over interchange fees, according to a filing in federal court in Brooklyn, New York.

The total value of the settlement is $7.25 billion on behalf of a class of about 7 million merchants in the U.S. that accept Visa and MasterCard credit cards and debit cards, a law firm for the merchants, Robins, Kaplan, Miller & Ciresi LLP, said in a statement

http://www.bloomberg.com/news/2012-07-13/visa-mastercard-settle-merchants-antitrust-swipe-fee-suit.html

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Visa, MasterCard Settle Merchants’ Swipe-Fee Lawsuit (Original Post) FarCenter Jul 2012 OP

Spam deleted by Warren DeMontague (MIR Team) jamesX Jul 2012 #1

jamesX

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1. Spam deleted by Warren DeMontague (MIR Team)

Reply to FarCenter (Original post)

Fri Jul 20, 2012, 05:49 AM

Jul 2012

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