Visa and MasterCard agree to settle swipe fee class action for $6.2 billion

Visa and MasterCard agree to settle swipe fee class action for $6.2 billion. Visa and MasterCard, along with some top US banks, have agreed to pay as much as $6.2 billion in a class action settlement with US retailers over swipe fees. The settlement ends a 13-year old suit brought by the nation’s leading merchants, which claimed that Visa…