Page 3 - Mike Roach News Today

Visa and Mastercard announced a major settlement with U.S. merchants, potentially ending years of litigation over the fees charged every time a credit or debit card is used in a store or restaurant.

Visa and Mastercard will cap the credit interchange fees into 2030, and the companies must negotiate the fees with merchant buying groups.

Visa and Mastercard will cap the credit interchange fees into 2030, and the companies must negotiate the fees with merchant buying groups.

Visa and Mastercard will cap the credit interchange fees into 2030, and the companies must negotiate the fees with merchant buying groups.

Visa and Mastercard will cap the credit interchange fees into 2030, and the companies must negotiate the fees with merchant buying groups.

Visa and Mastercard will cap the credit interchange fees into 2030, and the companies must negotiate the fees with merchant buying groups.

Visa and Mastercard will cap the credit interchange fees into 2030, and the companies must negotiate the fees with merchant buying groups.

The deal would lower and cap the fees charged by the two companies and allow small businesses to collectively bargain for rates with the payment processors in a similar way that large merchants do on their own now

The settlement means the fees the companies now charge small businesses will be capped or lowered for years.

Visa and Mastercard have announced a major settlement with U.S. merchants, potentially ending nearly two decades of litigation between merchants and the major payment companies over credit card fees. The