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MasterCard agreed to pay a fine with a 16% discount

July 3, 2009 - 5:25am | Law aspects | News
MasterCard agreed to pay a fine with a 16% discount

The world's second-largest credit card provider MasterCard revealed it decision to agree with prepaying its obligations under a legal settlement with US vendors and will receive a 16% discount. Thus, the company announced on Thursday, it is to pay $335 million to settle obligations through 2012 totaling $400 million.

Subjected to court approval, the prepayment is to be carried out on September 30. 
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law suit | MasterCard | NYSE | obligation | prepaying | Stocks
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