Saturday, July 14, 2012

Visa mastercard settlement

  • NEW YORK (Reuters) - Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a $7.25 billion settlement with U.S.
  • (Reuters)
  • Visa alone has agreed to pay $4.4 billion to settle the class action and related individual claims from merchants who alleged the card issuers violated the Sherman antitrust act by fixing the fees imposed to process credit card transactions.
  • (msnbc.com)
  • Visa will pay the lions share of the $7.25 billion settlement announced Friday, CNNMoney said. MasterCard is on the hook for $790 million and a group of major banks will pay lesser amounts.
  • (United Press International)
  • Some analysts worried that the settlement could lead to higher costs for millions of Americans. Visa and MasterCard agreed for the first time to allow merchants to pass along credit-card charges to consumers instead of having to shoulder them themselves.
  • (Los Angeles Times)
  • NEW YORK - Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards.
  • (Minneapolis Star Tribune)
  • Visa, MasterCard and several of the nation's largest banks have agreed to pay as much as $7.
  • (Washington Post)
  • NEW YORK -- Visa and MasterCard and other financial institutions have reached a settlement in a swipe fee lawsuit dating back to 2005.
  • (CSNews Online)
  • NACS Rejects Proposed Antitrust Settlement With Visa and MasterCard PR Newswire ALEXANDRIA, Va., July 13, 2012 ALEXANDRIA, Va.
  • (Bloomberg)
  • Merchants Reach Landmark $7.25 Billion Settlement with Visa, MasterCard and Major U.S.
  • (Bloomberg)
  • NEW YORK, July 14 — Visa Inc, Mastercard Inc and banks issuing their credit cards have agreed to a settlement valued at USUS$7.
  • (The Malaysian Insider)

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