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Visa and Mastercard pay out $7.25billion for ripping off retailers with card fees
Visa, MasterCard and major banks agreed to pay retailers at least $6billion to settle a long-running lawsuit, which alleged that the card issuers conspired to fix the fees that stores pay to accept credit cards.
Visa, MasterCard, banks in $7.25 billion retail settlement  Reuters
Visa, MasterCard Settle Merchants' Swipe-Fee Lawsuit  Bloomberg Australia-NZ
Mastercard Reports Q2 Earnings On August 1
Mastercard Incorporated (NYSE:MA) is scheduled to report its Q2 2012 results on August 1, 2012, before market opens. The street expects EPS and revenue of $5.58 and $1.88B, respectively.
America's best and worst boards
In a group of 25 companies whose boards were stronger than the consultancy expected given the company's size - including MasterCard Inc and Rockwell Automation Inc - their shares rose 29 percent over the past five years. That outpaced the 16 percent ...
MasterCard Partners with T-Mobile on NFC Mobile Payments in Europe
Deutsche Telekom AG (FRA:DTE) (PINK:DTEGY)(ETR:DTE)'s T-Mobile and credit card company Mastercard Inc (NYSE:MA) are getting ready to launch NFC Mobile payment systems in Europe.
MasterCard Ties Up With T-Mobile For NFC Mobile Payments In Europe  TechCrunch
MasterCard and Deutsche Telekom team up to push NFC payments  GigaOM
US wins WTO case over China bank card monopoly
Mastercard said Monday's ruling would make opportunities for the company "all the more interesting" and that it looked forward to continuing to grow its business in China.
Visa Among US Firms Seen Helped by WTO Ruling on China  Bloomberg
WTO: China Discriminates Against US Credit Cards  Wall Street Journal
Wal-Mart Rejects Credit Card Fees Settlement
According to Reuters, the $7.25 billion class-action lawsuit between the two biggest credit card companies and major retailers was created to resolve stores' claims that Visa and MasterCard conspired with major banks to fix swipe fees. The lawsuit is ...
Wal-Mart asks retailers to reject swipe fee deal  CNNMoney
Use your credit card for auto rental insurance  CBS Moneywatch
Visa, MasterCard Settle Dispute For $7.25 Billion
Visa, MasterCard and 13 of the country's biggest banks have agreed to pay $7.25 billion to roughly 7 million retailers over credit card transaction fees, in what could be considered the largest antitrust class-action settlement in U.S.
Local merchants not crazy about swipe fee deal  CNNMoney
Retailers, Not Consumers, Swipe Victory in Credit Card Fee Settlement  U.S. News & World Report
US Retailers Dig Their Own Grave
U.S. retailers are digging their own grave in their battle with credit-card companies and large banks. The hefty $7.25 billion settlement that MasterCard Inc. (NYSE: MA), Visa Inc. (NYSE: V), and a number of big banks reached to resolve a 2005 class ...
Travellers: Not all debit cards are created equal
Bank of Montreal reports that its clients have been able to make debit transactions abroad for the past 15 years using MasterCard's Maestro network. The multiple payment networks the banks are offering may sound confusing, but they're really not ...
Visa and MasterCard's Macro Strengths Haven't Gone Anywhere
The U.S. consumer is in a bit of a pickle. Jobs are not particularly easy to come by - the June jobs report showed unemployment sticking at 8.2% and only 80,000 new jobs created for the month - and the economy remains sluggish.