Visa Inc.andMasterCard Inc.agreed late Friday to pay retailers $6 billion to settle a price-fixing lawsuit that alleged they overcharged companies billions of dollars in credit-card transaction fees.
Sunday, July 15, 2012
Visa, MasterCard to pay $6 billion to settle retailers' lawsuit
The settlement also requires Visa and MasterCard to change policies on 'swipe fees' that merchants must pay when accepting credit cards.
Visa Inc.andMasterCard Inc.agreed late Friday to pay retailers $6 billion to settle a price-fixing lawsuit that alleged they overcharged companies billions of dollars in credit-card transaction fees.
Visa Inc.andMasterCard Inc.agreed late Friday to pay retailers $6 billion to settle a price-fixing lawsuit that alleged they overcharged companies billions of dollars in credit-card transaction fees.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment