WASHINGTON — The Department of Justice said Monday that Visa and MasterCard have agreed to a proposed settlement of a civil antitrust action against them that will allow merchants to begin steering customers toward lower-cost methods of payment, marking a major victory for retail groups. “This is a monumental development for supermarket retailers and, most importantly, their customers,” said Leslie G. Sarasin, president and chief executive officer, Food Marketing Institute, in a prepared ...
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