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Visa, Mastercard and a number of U.S. banks have reached an agreement to pay $6.2 billion to settle a long-running class action suit brought by millions of merchants over card swipe fees.
September 18, 2018 at 02:29 PM
1 minute read
The original version of this story was published on New York Law Journal
Visa, Mastercard and a number of U.S. banks have reached an agreement to pay $6.2 billion to settle a long-running class action suit brought by millions of merchants over card swipe fees.
The settlement was reached Monday among the parties in antitrust litigation that has run for 13 years, according to reports that Visa and Mastercard filed on Tuesday with the U.S. Securities and Exchange Commission.
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