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Al Jazeera
Al Jazeera
Business

Visa, Mastercard reach $30bn settlement over credit card fees

[File: Elise Amendola/AP Photo]

Visa and Mastercard have reached an estimated $30bn antitrust settlement to limit credit and debit card fees for merchants in the United States, with some savings likely to be passed on to consumers through lower prices.

If it receives court approval, it would resolve most claims in nationwide litigation that began in 2005. However, some opponents believe it may not go far enough.

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