MasterCard is pleased that the Honorable Judge John Gleeson of the U.S. District Court for the Eastern District of New York has granted preliminary approval in the U.S. merchant litigation and we remain confident that the court will grant final approval in the coming months.
"While we recognize some merchants may have different opinions, the settlement represents a solution reached after years of litigation and months of negotiation," said Noah Hanft, General Counsel and Chief Franchise Integrity Officer, MasterCard Worldwide. "The provisions of the settlement, including the flexibility for merchants to impose checkout fees, new negotiating tools for merchants and the scope of the release, was reached with the assistance of the court and was supported by the merchant class representing millions of large and small retailers, and prominent trade groups across the country."
About MasterCard Worldwide
MasterCard (NYSE: MA),
is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter
@MasterCardNews, join the discussion on the
Cashless Conversations Blog and
subscribe for the latest
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts