Retail industry promises to fight $7.2B swipe fee settlement

By Patrick Gallagher

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After seven years of antitrust litigation and negotiations between Visa, MasterCard and some of the country’s largest retailers and trade associations, a $7.2 billion settlement over so-called “swipe fees” was filed Oct. 19 with the U.S. District Court in Brooklyn.

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About the author

Patrick Gallagher
Bio: Fairfield County Bureau Chief Staff Reporter Westchester County Business Journal Covers: Economy, energy, government, infrastructure and public works projects, law, media, technology Phone: (914) 694-3600, ext. 3017

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