Visa and Mastercard have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high. The plaintiffs’ lawyers revealed the proposed accord on Wednesday in a filing in Washington, D.C., federal court. The settlement involves consumers who withdrew cash from bank-operated ATMs since 2007.
Mastercard (MA) partners with EagleLion to offer innovative digital payment solutions in Ethiopia and facilitate safer, quicker and cashless transactions.
Mastercard (MA) and the African Development Bank Group launch an initiative to provide improved digital access for 100 million individuals and businesses in Africa, starting with 3 million farmers in Kenya, Tanzania and Nigeria.