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Visa (V) and MasterCard (MA) are close to settling a seven-year lawsuit brought by retailers...
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Friday, July 6, 2012, 4:29 AM ETVisa (V) and MasterCard (MA) are close to settling a seven-year lawsuit brought by retailers over allegations that the credit-card giants fixed swipe fees, Bloomberg reports. While there's no word of the size of the agreement, Visa has set aside $4.28B to cover litigation, while MasterCard took a $495M charge in Q4.
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