Visa and Mastercard agree to $30 billion settlement that will lower merchant fees CNN
News Source : CNN
News Summary
- Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decadeslong antitrust case brought upon by merchants
- The settlement is set to lower swipe fees merchants pay when customers make purchases using their Visa or Mastercard by $30 billion over five years
- However, the settlement would not necessarily save consumers any money
Two of the worlds largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decadeslong antitrust case brought upon by merchants.Th [+4454 chars]
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