Visa, Mastercard in new settlement of credit card fee suit
NEW YORK (AP) — Visa and Mastercard say they and several banks will pay $6.2 billion to settle part of a long-running lawsuit brought by merchants over fees on credit card transactions. Visa says it’s paying $4.1 billion and Mastercard is paying about $900 million.
The two companies say they’ve already set aside money to cover the payment. A group of 19 merchants and trade groups alleged Visa and MasterCard conspired to fix fees that are charged to stores for handling credit card payments.
seattlepi.com
https://m.seattlepi.com/news/article/Visa-Mastercard-in-new-settlement-of-credit-card-13238215.php