Here's a blurb from "The Street" which is reporting that they'll pay off the remaining $400 million balance with a $335m lump payment at the end of Q3...
The Purchase, N.Y.-based company settled a class action lawsuit in June2003 with a number of U.S. merchants that took issue with certainantitrust aspects of the payment card industry. Under the settlement,MasterCard was required to pay $125 million in 2003 and $100 millionannually each December from 2004 through 2012.
The company said in a Securities and Exchange Commission filingon Thursday that it had entered into an agreement the prior day thatwould allow for MasterCard to prepay its obligations of the remaining$400 million at a discounted amount of $335 million on Sept. 30.
Continue Reading at "The Street"
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