Judge Rejects Visa and Mastercard Settlement. Should Investors in the Stocks Worry?
A federal judge recently rejected an antitrust settlement between (NYSE: V), Mastercard (NYSE: MA), and merchants over interchange, or swipe, fees. The proposed settlement was largely considered a win for the two credit card processors at the time.
Let's look at the original settlement, what happens next, and what long-term impact the situation could have on the stocks of Visa and Mastercard.
Back in March, Visa and Mastercard agreed to a settlement with retailers to an antitrust class-action lawsuit that began back in 2005. The merchants alleged that the two credit card processors colluded with card-issuing banks to inflate interchange fees and prevent them from directing consumers to cheaper options.
Source Fool.com
Visa Inc. A Stock
€249.30
-0.040%
The stock is an absolute favorite of our community with 59 Buy predictions and no Sell predictions.
With a target price of 279 € there is a slightly positive potential of 11.91% for Visa Inc. A compared to the current price of 249.3 €.
