Visa, Mastercard to lower ‘swipe fees’ in merchant antitrust suit settlement

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 could save tens of billions of dollars over the next five years. “This settlement is the culmination of eight years of hard-fought litigation and detailed, painstaking negotiations,” Hilliard Shadowen… Source

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