Category: visa
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Visa & Mastercard Reach $30 Billion Settlement Over Card Fees, Agree To Cap Fees For Next 5 Years
Written by William Charles @ Doctor Of Credit Visa & Mastercard have reached an estimated $30 billion antitrust settlement to limit card fees for merchants but have denied any wrong doing. Under the settlement Visa & Mastercard will: Reduce swipe fees by at least four basis points (0.04%) for three years Ensure an average rate…