Merchant Advisory on the MasterCard Agreement to Prepay Future Payments at a Discount

Merchant Advisory on the MasterCard Agreement to Prepay Future Payments at a
Discount

NEW YORK, July 6 /PRNewswire-USNewswire/ --

New York City, July 6, 2009
Dear Merchants,
Constantine Cannon LLP, Co-Lead Counsel for United States merchants in the In
re Visa Check/MasterMoney Antitrust Litigation, CV 96-5238, advises Class
Members as follows:

Lead Counsel reached an agreement with MasterCard International Incorporated
("MasterCard") whereby, subject to court approval, MasterCard will prepay the
remaining payments agreed to in the June 2003 Settlement Agreement by making
a single payment of $335 million in September 2009, in lieu of making the
remaining four annual $100 million payments due through 2012 (the
"Agreement").

Lead Counsel has advised the court that it believes that this Agreement will
be more beneficial to Class Members than proceeding with the
securitization of MasterCard's remaining payment obligations. The Agreement
equates to a discount rate of approximately 8% on an annual basis and it
eliminates all market risk, while offering numerous other advantages not
available in the context of the securitization. As with the securitization, if
the court approves the agreement, Lead Counsel will be able to make lump-sum
distributions of the residual MasterCard payments to Class Members with
approved claims instead of making installment payments over the next four
years of any residual amounts.

Papers related to the MasterCard Agreement To Prepay Future Payments At A
Discount are available by clicking on the link provided here or at the case
website by clicking on the sidebar option entitled "MasterCard Agreement To
Prepay Future Payments At A Discount." The papers are also available at Lead
Counsel's website at www.constantinecannon.com.

Details concerning merchant rights under the Settlement are available on the
case website by clicking on the sidebar option entitled "Merchant/Class
Member Rights Under the Settlement." Additional assistance is also available
by calling 1-888-641-4437.

Sincerely,
CONSTANTINE CANNON LLP (formerly Constantine & Partners)
Lead Counsel for the Class
Counsel@InReVisacheckMastermoneyAntitrustLitigation.com

SOURCE Constantine Cannon LLP

Jason Enzler of Constantine Cannon LLP, +1-202-204-3500