Visa and Mastercard to Reduce Credit-Card Fees in Agreement with Merchants
Tuesday, 26 March 2024, 12:45
Visa and Mastercard Reach Agreement
Visa and Mastercard have agreed to lower and cap credit-card interchange rates as part of a landmark settlement with U.S. merchants. This move is set to have a significant impact on the financial industry.
Key Points:
- Lowering Fees: The agreement will result in reduced fees for merchants accepting Visa and Mastercard.
- Consumer Benefits: Lower interchange rates can lead to potential benefits for consumers.
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.