Several Visa and Mastercard credit cards are shown in Buffalo Grove, Ill., on Feb. 8, 2024. AP Photo/Nam Y. Huh, FileVisa and Mastercard announced an agreement on Monday with merchants that would end a 20-year legal battle over swipe fees in which businesses claimed the credit card giants violated U.S. antitrust laws.The settlement calls for Visa and Mastercard to lower swipe fees, which are added to each transaction, by 0.1 percent for the next five years. The fees are between 2 percent and 2.5 percent currently.
Visa, Mastercard Agree to Lower Swipe Fees in Latest Proposed Settlement
Date:
More like thisRelated
Jury Selection Begins in Trial of Ex-Aide to NY Governor Accused of Working as Chinese Agent
Linda Sun, former aide of New York Gov. Kathy...
Warren Buffett Says Hes Going Quiet, Will Speed up Donations
Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks...
October Sees Slower Inflation for US Consumer Goods: OpenBrand
People shop at a grocery store in Elkridge, Md.,...