Visa, Mastercard In $6b Settlement Over Card Fees

NEW YORK (AP) -- Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. As part of the settlement, announced late Friday, stores from Rite Aid to Kroger will be allowed to charge customers more if they pay using a credit card....

Topics:  york ap     visa   mastercard   rite aid   kroger   settlement   fees   pay   stores   credit   

 

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