Hirunews Logo
Visa+and+Master+settle+with+US+Banks+over+Card-Fees
Monday, 16 July 2012 - 8:06
Visa and Master settle with US Banks over Card-Fees
7

Shares
939

Views

Credit card companies Visa and Mastercard and major US banks have agreed to a 7.25 billion dollars settlement to retailers over card fees.

The case, which has been going on for seven years, is over firms colluding to fix the fees that stores pay to process credit and debt card payments.

The settlement is thought to be the largest of its kind in US history.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE