|MasterCard Confirms Agreement in Principle to Settle the Discover Action|
PURCHASE, N.Y., Oct. 14 /PRNewswire-FirstCall/ -- MasterCard Incorporated today confirmed that it has reached an agreement in principle to settle its outstanding litigation with Discover Financial Services Inc. The parties are working on settlement documentation. Details of the terms of the settlement will follow.
About MasterCard Incorporated
MasterCard Incorporated advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 18 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.
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SOURCE MasterCard Incorporated