Under the new proposal, Visa and Mastercard would lower swipe fees by an average of around 0.1 percentage point for several years and cap "standard" consumer card rates at 1.25% for eight years. But ...

Visa and Mastercard have reached a proposed settlement in a long-running legal fight with merchants and retailers that could determine which credit cards stores accept and whether shoppers face ...

The multidistrict interchange class action litigation (“Interchange MDL”) against Visa and Mastercard has been going on for over 20 years before ...

If approved, the settlement could ultimately save merchants more than $200 billion over the course of the settlement period, according to Joseph Stiglitz and Keith Leffler, who served as expert ...

A new settlement reached between Visa and Mastercard and retailers aims to slowly lower interchange fees, which are bank fees paid by merchants to process credit cards. CBS News business contributor ...

DENVER, CO, UNITED STATES, January 14, 2025 /EINPresswire.com/ -- Jason Ruedy, President, CEO of Emerge Merchant Services says effective January 1, 2025, merchants ...

A Visa and Mastercard settlement will lower swipe fees for merchants, but could lead to new surcharges and limits on which cards consumers can use.

Visa and Mastercard have a potential deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards. The deal, which is still subject to ...