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News Link • Federal Reserve

Visa, MasterCard and banks to pay up to $7.25 billion in ‘card-swiping’ settlement

• Washington Post
Visa, MasterCard and several of the nation’s largest banks have agreed to pay as much as $7.25 billion to settle retailers’ complaints over the fees they are charged each time a customer swipes a credit or debit card, according to court documents filed Friday.

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