merchants - Providence Business News

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CHANGE COMING? Visa Inc.. and Mastercard Inc. dominate credit card payment processing, but a bill in Congress is aiming to change that with the hope of reducing fees for merchants.  AP FILE PHOTO/STEVE HELBER

Credit card legislation has banks up in arms

Financial Services 06/06/2025

A legislative move to increase competition in the credit card payment network – dominated by Visa Inc. and Mastercard Inc. – is facing severe...

Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants

Economy 03/26/2024

NEW YORK (AP) – Visa and Mastercard announced a major settlement with U.S. merchants on Tuesday, potentially ending nearly two decades of litigation over...

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