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Home / News / MasterCard clashes with Wal-Mart on $48 billion card fee

MasterCard clashes with Wal-Mart on $48 billion card fee

MasterCard Inc., Visa Inc. and JPMorgan Chase & Co., already squeezed by new U.S. curbs on credit-card rates for consumers, are girding for a renewed battle over $48 billion in fees levied on merchants. Lawmakers are promising new rules to bring down the interchange fee, a charge on purchases sometimes topping 3 percent that's split by ...