Tag: settle

04
May
2024

Visa and Mastercard settle long-running antitrust lawsuit over swipe fees with merchants

Visa and Mastercard announce settlements with U.S. merchants over swipe fees that could save consumers tens of billions of dollars. Swipe fees are paid to Visa, Mastercard, and other credit card companies in exchange for enabling transactions. Merchants ultimately pass these fees on to consumers who use credit or debit cards. Under the settlement announced