Published 1 month ago

Credit Card Rewards Shake-Up: Visa and Mastercard Agree to Lower Swipe Fees

Summary by Ground News

Visa and Mastercard announced a major settlement with U.S. merchants on Tuesday. The settlement could end nearly two decades of litigation over the fees charged every time a credit or debit card is used in a store or restaurant. Industry groups for retailers both small and large said the settlement is a positive development, but more needs to be done.

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Benzinga

Visa and Mastercard Reach Deal to Lower Swipe Fees, A Win for Merchants and Potential Boost for Consumer Choices: Analyst - Mastercard (NYSE:MA), Visa (NYSE:V)

Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) announced a settlement with U.S. merchants in which the card networks agreed to lower credit card interchange fees by 4bps in the U.S. The deal also caps swipe fees until 2030. The settlement also removes anti-steering provisions, allowing merchants to price differently depending on the type of card a consumer uses at purchase. While an interchange cap may limit their medium-term pricing power, Miz…

1 month ago·New York, United States

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c|net

Credit Card Rewards Shake-Up: Visa and Mastercard Agree to Lower Swipe Fees

If you have a top-tier rewards card, like the Chase Sapphire Reserve, listen up.

1 month ago·New York, United States

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MarketWatch

Will the Visa-Mastercard swipe-fee settlement impact your credit-card rewards?

The landmark agreement will limit the fees that businesses pay to accept credit cards — but customers aren’t likely to see savings.

1 month ago·United States

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Audacy

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

Visa and Mastercard have announced a major settlement with U.S. merchants, potentially ending nearly two decades of litigation between merchants and the major payment companies over credit card fees

1 month ago·Philadelphia, United States

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OPB

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

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 allow small businesses to collectively bargain for rates with the payment processors in a similar way that the large merchants do on their own now.Industr…

1 month ago·Portland, United States

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WFAA 8abc

Mastercard and Visa agree to lower swipe fees in antitrust suit settlement

Visa and Mastercard will cap the credit interchange fees into 2030, and the companies must negotiate the fees with merchant buying groups.

1 month ago·Dallas, United States

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Credit Card Rewards Shake-Up: Visa and Mastercard Agree to Lower Swipe Fees

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Visa and Mastercard Reach Deal to Lower Swipe Fees, A Win for Merchants and Potential Boost for Consumer Choices: Analyst - Mastercard (NYSE:MA), Visa (NYSE:V)

Visa and Mastercard Reach Deal to Lower Swipe Fees, A Win for Merchants and Potential Boost for Consumer Choices: Analyst - Mastercard (NYSE:MA), Visa (NYSE:V)

Credit Card Rewards Shake-Up: Visa and Mastercard Agree to Lower Swipe Fees

Credit Card Rewards Shake-Up: Visa and Mastercard Agree to Lower Swipe Fees

Will the Visa-Mastercard swipe-fee settlement impact your credit-card rewards?

Will the Visa-Mastercard swipe-fee settlement impact your credit-card rewards?

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

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

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

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

Mastercard and Visa agree to lower swipe fees in antitrust suit settlement

Mastercard and Visa agree to lower swipe fees in antitrust suit settlement

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