Released: July 14, 2012

Visa, MasterCard and banks to pay up to $7.25 billion in ‘card-swiping’ settlement

Source: Ylan Q. Mui, The Washington Post

Visa, MasterCard and several of the nation’s largest banks have agreed to pay as much as $7.25 billion to settle retailers’ complaints over the fees they are charged each time a customer swipes a credit or debit card, according to court documents filed Friday.

Read Full Article: Visa, MasterCard and banks to pay up to $7.25 billion in ‘card-swiping’ settlement