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, Mastercard Near Settlement Over Card-Swipe Fees
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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.
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