Arab Today, arab today visa mastercard to pay merchants in cardfee suit
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Arab Today, arab today
Arab Today, arab today

Visa, Mastercard to pay merchants in card-fee suit

Arab Today, arab today

Arab Today, arab today Visa, Mastercard to pay merchants in card-fee suit

Washington - AFP

Credit card giants Visa, Mastercard and other financial institutions agreed Friday to pay some $6.6 billion to merchants which had sued them over card-use fees. The negotiated settlement of the seven-year-old case also requires the card issuers to cut their fees for a limited period that could give the merchants another $1.2 billion in relief, according to the companies.

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