Visa, MasterCard Surge as Fed Lifts Caps on Debit-Card Fees
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Visa Inc. and MasterCard Inc., the world’s biggest consumer-payment networks, surged more than 10 percent after the Federal Reserve relaxed restrictions on debit-card transaction fees.
Visa advanced $11.29, or 15 percent, to $86.57 at 4 p.m. in New York Stock Exchange composite trading, the most since March