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Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports

A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted.