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Visa and Mastercard are reported to be close to settling a 13-year-old legal challenge over interchange fees, according to people familiar with the agreement. The two companies and banks including JPMorgan Chase, Citigroup and Bank of America would pay merchants about $6.5 billion under the terms of the settlement, although the deal has not yet been made public. [...]
The post VISA AND MASTERCARD SET TO RESOLVE US INTERCHANGE FEES LAWSUIT appeared first on Payments Cards & Mobile.
