Breaking News: Historic $30B Settlement Alters Visa and Mastercard Swipe Fees
Friday, 29 March 2024, 16:50
Visa and Mastercard Settlement: A Game-Changing Event
Key Takeaways:
- Landmark Settlement: Visa and Mastercard agree to pay $30 billion in a swipe fee lawsuit.
- Industry Transformation: New rules will reshape credit card swipe fees for merchants.
- Impact on Consumers: Changes in payment processing will influence consumer spending behaviors.
A class of merchants reached a settlement agreement that will change the rules surrounding Visa and Mastercard credit card swipe fees.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.