Federal judge rejects $30 billion settlement between Visa, Mastercard and retailers [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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investor.mastercard.com/investor-relations/default.aspx
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Source: Yahoo! Finance
Mastercard and Visa, two of the world's largest credit card networks, reached their proposed multi-billion antitrust settlement with US merchants in March. The settlement would lower swipe fees, or interchange fees, that a retailer must pay when a customer makes a purchase using their card. The details of Tuesday's ruling made by Judge Margo Brodie of the US District Court of the Eastern District of New York have not been made public. But a memo released by the court on Tuesday said that she was “not likely to grant final approval” to the preliminary settlement absent any changes. Retailers typically are charged 2% of the total customer transaction in swipe fees — but they can be as much as 4% for some premium rewards cards , according to industry estimates. The proposed settlement would have lowered those fees by at least 0.04% percentage points for a minimum of three years. What the preliminary settlement entailed The proposed settlement, which hinged on final approval from
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News
- Driving growth in the digital economy [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- EU banks create Wero payments to reduce reliance on Visa, Mastercard - report [Seeking Alpha]Seeking Alpha
- Best UK Prepaid Cards 2024 [Forbes]Forbes
- Is Visa a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Mastercard and ZOOD partner to launch the first virtual Buy Now Pay Later Card in Uzbekistan [Yahoo! Finance]Yahoo! Finance
MA
Earnings
- 8/1/24 - Beat
MA
Sec Filings
- 9/27/24 - Form 144
- 9/23/24 - Form 4
- 9/20/24 - Form 144
- MA's page on the SEC website