NEW YORK -- Lower fees for offline signature debit card transactions are scheduled to come into effect in August as a result of the settlement reached here in the class-action suit brought by nearly 5 million U.S. retailers against MasterCard International, Purchase, N.Y., and Visa USA, San Francisco. MasterCard and Visa are required by the settlement to lower their fees for the offline transactions by at least one-third by Aug. 1, according to Lloyd Constantine, a New York attorney who was ...
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