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The Wall Street Journal reports this morning that Visa USA and MasterCard International are both negotiating with the nation's largest retailers, hoping to strike a deal that would result in lower transaction rates on purchases made with debit cards.

It is about six months ago that, facing an antitrust suit brought by Wal-Mart and four million other retailers over the card companies' debit card policies (forcing retailers to take them if they wanted to take charge cards), Visa USA agreed to a $2 billion settlement, and MasterCard made a $1 billion settlement.
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