Robert Eisler News Today

Visa Inc. and Mastercard Inc. have agreed to cap credit-card swipe fees -- a deal that U.S. merchants say will save them at least $30 billion over five years -- as they seek to end a legal fight that spanned almost two decades.

Visa Inc. and Mastercard Inc. have agreed to cap credit-card swipe fees -- a deal that U.S. merchants say will save them at least $30 billion over five years -- as they seek to end a legal fight that spanned almost two decades.

They agreed to cap credit-card swipe fees in a deal that US merchants say will save them at least $30 billion over five years.

ALBAWABA - After nearly two decades in court litigation, the two major credit card providers, Visa and Mastercard, have struck a deal with retailers and

Convenience-store, other retail groups say deal is bad for merchants

Visa and Mastercard have agreed to cap credit card fees paid by merchants in a landmark settlement that follows a legal fight lasting two decades.

/PRNewswire/ -- A landmark antitrust class action settlement has been reached between U.S. merchants and Visa Inc. ("Visa") and Mastercard Incorporated...

The reduced rates could save retailers $30 billion over the next five years.

Settlement to limit credit and debit card fees for merchants, with savings for consumers

Settlement to limit credit and debit card fees for merchants, with savings for consumers