Visa Settles With 13 Retailers In £500M UK Swipe Fees Trial

By Alex Davis (February 16, 2017, 12:23 PM GMT) -- Visa Inc. settled on Wednesday with 13 of the 14 retailers in a £500 million ($625 million) swipe fees antitrust damages case before judgment in its recent trial had been delivered, London's High Court heard on Thursday in a separate interchange fees suit.

Visa Inc. has settled with thirteen of the fourteen retailers in a £500 million ($625 million) swipe fees antitrust damages case, in which the companies had been seeking damages for overcharging bank-to-bank interchange fees on transactions. (AP) Lawyers representing both MasterCard Inc. and merchants including Asda Stores Ltd., New Look Retailers Ltd. and Arcadia Group discussed the settlements in...

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