Settlement of $6.2 billion achieved by Visa and Mastercard over card-swipe fees

Visa Inc, Mastercard Inc and many US banks have agreed to pay $6.2 billion for the settlement of a long-time lawsuit which was started by the merchants over the fees that they pay upon accepting card payments. The previous deal was rejected by the federal appeals court.

 

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https://www.reuters.com/article/us-usa-court-creditcards/visa-mastercard-reach-6-2-billion-settlement-over-card-swipe-fees-idUSKCN1LY1PQ

 

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