Posted inBusiness

Visa, Mastercard Reach Settlement in 20-Year Feud: What This Means for Shoppers and Merchants

By Andrew Moran Visa and Mastercard reached a $30 billion settlement on Nov. 10 following a 20-year lawsuit alleging anticompetitive behavior. The new agreement between the credit networks would provide merchants with flexibility, more options, and “meaningful relief.” Visa and Mastercard would lower their swipe fees by an average of 0.1 percent for five years, […]