Card Issuers Settle Interchange Suit for $7.25B

NEW YORK — Visa, MasterCard and card-issuing banks have agreed to pay an estimated $7.25 billion to retailers to settle charges that they conspired to fix interchange fees.

The card companies also agreed to new rules that attorneys for the retailers said would “enable merchants to put pressure on Visa and MasterCard to limit or reduce interchange fees, among other things.”

“The modification of these network rules will provide additional value to m

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