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News Breaks | | | | November 9, 2012 | | 15:56 EDT |  | MA | MasterCard issues statement on preliminary approval in merchant litigation
"While we recognize some merchants may have different opinions, the settlement represents a solution reached after years of litigation and months of negotiation The provisions of the settlement, including the flexibility for merchants to impose checkout fees, new negotiating tools for merchants and the scope of the release, was reached with the assistance of the court and was supported by the merchant class representing millions of large and small retailers, and prominent trade groups across the country," said the company's General Counsel Noah Hanft. | |
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News For MA From The Last 14 Days Check below for free stories on MA the last two weeks. |
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| May 23, 2013 | | 14:45 EDT |  | MA | Retailers file new suit against card companies over swipe fees, Bloomberg says
 Subscribe for More Information | | | 11:59 EDT | | MA | Retailers file suit against Visa, MasterCard over credit cards, Bloomberg says
Subscribe for More Information | | | May 21, 2013 | | 14:50 EDT | | MA | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | May 14, 2013 | | 06:44 EDT | | MA | Visa Europe offers to reduce inter-bank fees, Reuters says
Visa Europe, the European licensee of Visa (V), is prepared to reduce its interbank credit fees by 50% for four years in order to terminate an EU antitrust probe and prevent itself from possibly being fined, according to Reuters. The reduction would lower Visa Europe's interbank credit fees to 0.3%, the same level as that of MasterCard (MA), EU stated, Reuters reported. Reference Link | |
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