Visa, Mastercard reach $6.2B settlement on swipe fees

VISA AND MASTERCARD have agreed to pay as much as $6.2 billion to end a long-running price-fixing class-action case brought by merchants over card fees. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
VISA AND MASTERCARD have agreed to pay as much as $6.2 billion to end a long-running price-fixing class-action case brought by merchants over card fees. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
NEW YORK - Visa Inc. and Mastercard Inc. agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an antitrust case. The total is in line with sums the two companies previously set aside to cover the costs of the…
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