Visa, Mastercard reach $6.2 billion settlement over card-swipe feesStaff Writer | September 18, 2018
Mastercard has reached an agreement to settle monetary damages claims in the U.S. merchant class-action litigation.
America The company recorded a $210 million charge
The settlement is an amendment to the financial terms of the 2012 Class Settlement Agreement and will be filed with the court seeking approval.
The company recorded a $210 million charge in its second-quarter 2018 financial statements, which will cover the financial obligation under this agreement and for estimated liabilities related to filed and anticipated opt-out merchant cases. ■