Tag Archives: swipefee

Visa, Mastercard reach revised swipe-fee settlement with merchants

Visa, Mastercard reach revised swipe-fee settlement with merchants

Mastercard credit cards. Benoit Tessier | Reuters Visa and Mastercard announced a revised settlement with merchants who accused the card networks of charging too much to accept their credit cards, after a judge rejected an earlier $30 billion accord as inadequate. Monday’s settlement would end 20 years of litigation where businesses accused Visa, Mastercard and banks of conspiring to violate …

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