Visa, Mastercard agree to $30 billion settlement over credit
Convenience-store, other retail groups say deal is bad for merchants
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Convenience-store, other retail groups say deal is bad for merchants
Visa and Mastercard agreed to reduce and cap credit card interchange fees as part of a landmark antitrust settlement with U.S. merchants, who say the deal…
/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.
Mastercard and Visa have reached a class action settlement with U.S. merchants after 20 years of antitrust litigation around swipe fees.