NEW YORK (Reuters) - Discover Financial Services (DFS.N) paid Morgan Stanley (MS.N) $775 million to settle claims related to sharing proceeds from an antitrust suit against credit card networks Visa Inc (V.N) and MasterCard Inc (MA.N), according to a regulatory filing on Friday.



The settlement came after Discover won $2.75 billion in a separate suit which accused the rival card networks of harming its business by preventing banks that issue MasterCard and Visa cards from also issuing Discover cards.







Posted by John B. Frank Friday, February 12, 2010

0 comments

Payments Industry News Blog

Search the PIN Debit Blog by Subject

Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers