What Visa and Mastercard ’s big $30 billion settlement means for you

Visa and Mastercard ended a long-simmering lawsuit with merchants revolving around “swipe fees,” as the two companies announced a settlement that will lower those fees for merchants by $30 billion over five years. Specifically, the settlement reduces interchange rates (swipe fees), assures that…#visa #mastercard #tedrossman #bankrate #nilsonreport #dickdurbin #illinois

Source: Reuters: Health - March 26, 2024 Category: Consumer Health News Source Type: news