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Wal-Mart Among Retailers Quitting Visa, MasterCard Deal

Wal-Mart Stores Inc. and Starbucks Corp. are among 19 retailers opting out of a $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. over fees charged to merchants to process credit-card transactions.

The proposed settlement would maintain and strengthen an anticompetitive system that allows Visa and MasterCard to fix so-called swipe fees for banks, the companies said today.