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NEW YORK — Credit- card issuers Visa and MasterCard say they will pay up to $2.75 billion to Discover Financial to settle an antitrust suit.
Visa of San Francisco will pay $1.89 billion, and MasterCard of Purchase, N.Y., will pay $862.5 million. Morgan Stanley, the former parent of Discover, will refund $100 million to Visa and MasterCard under separate agreements.
