What Merchants Should Know About Visa/Mastercard Settlement

Visa Inc. and Mastercard Inc. are close to settling a long-running antitrust lawsuit with merchants. Visa, Mastercard and a number of banks that issue debit and credit cards – JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. – would be required to pay merchants around $6.5 billion. It is still unclear how this payment will be split up among these networks and banks.

According to those familiar with the situation, the lawsuit will actually leave Visa and Mastercard better off than before. But how can being on the paying end of a multi-dollar settlement be viewed as a positive outcome? Visa and Mastercard are worried about more than money.

This lawsuit originated in 2005. It was alleged that networks had colluded when raising swipe and other transaction fees. Many large merchants chose to opt out of the original settlement ($7.25 billion) because the terms would prevent them from filing lawsuits against the networks over future swipe-fee increases. This settlement was then invalidated by an appeals court, which stated that merchants were not adequately represented.

Merchants that agree to this settlement will be restricted for a number of years; the terms do not allow them to suing card …

African Nations You Didn’t Know Were Tax Havens

As the saying goes, one thing in life we can all be sure of is death and taxes. While there’s not much we can do to avoid D-day; there are a few things we can do to avoid high tax rates. Unfortunately, we’ll never be able to completely avoid the tax man – but there are corners of the globe where he seems to be a little more lenient. These areas are called ‘tax havens’, and even those who aren’t citizens of the nation, but who are willing to hold some of their money offshore, can take advantage of the low tax rates.

While there are many tax havens throughout the world, such as Isle of Man, Netherlands, Bermuda and Singapore, to name a few; there are also many hidden in and around Africa. So yes, there may just be a tax haven right on your doorstep! If you’re eager to find out more about the nations of Africa which may just save you from paying high tax rates, take a look at our useful list.


Mauritius is the most well known tax haven in Africa. Here, foreign individuals and businesses can take advantage of the corporate services in

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Private Finance News, Investing Recommendation, Enterprise Forecasts

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Monetary Market Information

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The federal government to be able to help Chrysler ( Congress voted ) survive and not close, granted Chrysler ( no taxpayer upfront money )loan guarantees to obtain the necessary funding from the …