MasterCard is confident that the proposed $7.25 billion settlement of allegations that it and Visa engaged in merchant fee price fixing will receive final approval, according to Nomura analysts who recent met with key executives of the card network.

"Although the merchant litigation hasn't yet received final approval in the court system, it has received preliminary approval, and the settlement amount has been earmarked," the Dec. 10 report reads. "[MasterCard's] lawyers remain confident that the settlement will receive final approval."

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