Visa and Mastercard Reach New Settlement, Potentially Impacting Rewards
TL;DR
Visa and Mastercard have reached a proposed settlement with U.S. merchants to lower interchange fees over five years, potentially reducing costs for retailers and consumers but also affecting consumer rewards. The deal offers merchants more flexibility in accepting different categories of credit cards and is subject to court approval.
- Visa and Mastercard strike deal to lower merchant fees CNN
- Exclusive | Visa and Mastercard Near Deal With Merchants That Would Change Rewards Landscape - WSJ The Wall Street Journal
- Visa, Mastercard reach revised swipe-fee settlement with merchants CNBC
- Visa, Mastercard reach revised swipe fee settlement, court filing shows Reuters
- Visa, Mastercard reach new settlement with merchants. Will it shake up credit-card rewards? MarketWatch
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