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 http://www.mastercard.com.
Forward-Looking Statements
Statements in this press release which are not historical facts,
including statements about MasterCard's plans, strategies, beliefs and
expectations, are forward-looking and subject to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements speak only as of the date they are made. Accordingly, except for
the company's ongoing obligations under the United States federal
securities laws, the company does not intend to update or otherwise revise
the forward-looking information to reflect actual results of operations,
changes in general economic or industry conditions, changes in financial
condition, changes in estimates, expectations or assumptions or other
circumstances arising and/or existing since the preparation of this press
release or to reflect the occurrence of any unanticipated events.
Contacts:
For Media: Sharon Gamsin, 914-249-5622, sgamsin@mastercard.com
For Investors: Barbara Gasper,914-249-4565,
investor_relations@mastercard.com
SOURCE MasterCard Incorporated
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Related links:
http://www.mastercard.com
CONTACT:
For Media: Sharon Gamsin, +1-914-249-5622,
sgamsin@mastercard.com, For Investors: Barbara Gasper,
+1-914-249-4565, investor_relations@mastercard.com
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