Visa Set to Charge

News Type: Event — Seeded on Mon Mar 24, 2008 12:30 PM EDT

While many companies use the proceeds of IPOs to build their balance sheet and fund expansion, Visa is using $3 billion of the capital raise to fund litigation expenses. Both Visa and peer MasterCard (MA) have been hit with lawsuits related to interchange fees charged to merchants for card transactions.

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Visa Set to Charge

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