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PayPal and MasterCard end fight with agreement on fees and data

Published Wed, Sep 7, 2016 · 09:50 PM

Seattle

PAYPAL Holdings Inc and MasterCard Inc will end years of squabbling between the companies with an agreement to give PayPal lower fees and more reach in stores, while increasing MasterCard's online payments volume and helping its mobile-payments initiative.

The deal, announced on Tuesday, is another step towards resolving PayPal's sometimes-strained relationship with credit card giants, as the two sides have fought for contro…

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