Discover Financial Services Inc. disclosed in its latest Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission that the parties in the suit styled “Discover Financial Services, Inc. v. Visa USA Inc., MasterCard Inc. et al.,”…
Visa U.S.A., a subsidiary of Visa Inc., on July 1, 2008, amended its rules relating to the routing of so-called “PINless debit” transactions.
In conjunction with that change, the office of the Attorney General of the District of Columbia has notified…
Visa Inc. disclosed in its latest Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission that Visa International and Visa Europe filed their rejoinder on Sept. 29, 2008, relating to the European Commission’s EUR10.2 million fine…
The U.S. District Court for the Southern District of Ohio court denied Oct. 21, 2008, denied Visa U.S.A. Inc. and Visa International Services Association’s motions for summary judgment on liability and damages, Visa Inc. disclosed in its latest Annual Report…
The High Court in Auckland set a trial date in October 2009 regarding claims filed by New Zealand’s Commerce Commission and Zealand retailers against Cards NZ Limited, Visa International Association, MasterCard and certain Visa International member financial institutions is ongoing.
Visa…
Visa Inc., MasterCard International Incorporated and Discover Financial Services, Inc. on Oct. 13, 2008, reached an agreement in principle to settle the litigation in the U.S. District Court for the Southern District of New York, Visa Inc. disclosed in its…
AMCORE Financial, Inc.’s remaining contingent liability is US$338,000 in relation with the initial public offering of VISA, Inc.
During fourth quarter 2007, as a member of the VISA, Inc. organization, the Company accrued a US$653,000 liability for its proportionate share of…