Visa and Mastercard agree to LOWER credit card fees
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.
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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.
The deal could save merchants $30 billion over five years. It would also allow them to adjust prices based on the costs of accepting different credit cards.
Ongoing regulatory, competitive, and economic changes in the credit card landscape are driving many credit unions to review their credit card program
Capital One has reached a $35-billion agreement to buy Discover, sparking debate over whether the deal would help or harm consumers.
If the acquisition is approved, the combined company could become the biggest credit card issuer in the United States.