MasterCard, Visa Comment on Court Ruling in Discover Litigation

Last week, Judge Barbara S. Jones issued a ruling narrowing the scope of Discover's antitrust lawsuit against MasterCard and Visa.

MasterCard commented: "MasterCard Worldwide said today it is pleased that Judge Barbara S. Jones narrowed the scope of Discover’s antitrust case against MasterCard by granting certain aspects of MasterCard’s summary judgment motion."

Visa commented: "As a consequence of these summary judgment rulings, Discover cannot challenge the legality of the agreements Visa has signed with its debit issuance partners. As such, it is unlikely the Discover litigation will have a significant impact on Visa's ongoing business operations."