"These new rules will give merchants the tools they need to put pressure on the credit card networks to lower interchange or swipe fees, which are the second-or third-highest cost of doing business for many retailers," said Patrick J. Coughlin, senior trial counsel at Robbins Geller Rudman & Dowd LLP, and one of the lawyers for the plaintiffs.Joseph W. Saunders, chairman and chief executive of Visa, said in a statement Friday that he's comfortable with the agreement, which he believes will not affect the company's earnings outlook.
Visa, MasterCard in $6 Billion Settlement
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