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Under the settlement, Visa, Mastercard and a number of banks that issue debit and credit cards including JPMorgan Chase, Citigroup and Bank of America would pay merchants around $6.5 billion.
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Visa and Mastercard are close to settling a long-running antitrust lawsuit with merchants over the fees they pay when they accept card payments, according to people familiar with the matter.
https://www.wsj.com/articles/visa-mastercard-near-settlement-over-card-swipe-fees-1530193694
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