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

Associated Press

03/26/2024

Credit Card Swipe Fees — VISA AND MASTERCARD announced a settlement with U.S. merchants Tuesday related to swipe fees, a development that could potentially save consumers tens of billions of dollars. / ASSOCIATED PRESS FILE PHOTO / MARK LENNIHAN

NEW YORK (AP) – Visa and Mastercard announced a major settlement with U.S. merchants on Tuesday, potentially ending nearly two decades of litigation over the fees charged every time a credit or debit card is used in a store or restaurant. The deal would lower and cap the fees charged by Visa and Mastercard and

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