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A New York judge gave preliminary approval on Friday to Visa's (V) and MasterCard's (MA)...

A New York judge gave preliminary approval on Friday to Visa's (V) and MasterCard's (MA) proposed $7.25B settlement with retailers over the fixing of swipe fees on credit cards. The authorization came despite the opposition of trade groups and about 1,200 retailers, including Target (TGT), Wal-Mart (WMT), Home Depot (HD) and Saks (SKS). The deal still needs final approval.
Comments (3)
  • Well old Nancy Polosi should be happy with this one.
    11 Nov 2012, 01:49 PM Reply Like
  • With the money they rebate me 18 months after I close my business I ought to be able to buy a pizza.
    11 Nov 2012, 10:11 PM Reply Like
  • Nice, we are being forced into a paperless society which we have no control over and now the card companies are all deciding who we will PAY every time we swipe a card, any card.
    11 Nov 2012, 10:27 PM Reply Like
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