Wednesday, March 27, 2024
Visa and Mastercard end swipe fee battle with $30 billion settlement
The settlement, one of the largest in U.S. antitrust history, resolves a 2005 lawsuit alleging that merchants were forced to pay "excessive fees" to accept Visa and Mastercard credit cards, and that the two card issuers and member banks violated antitrust laws. Together, Visa and Mastercard make up about 80% of the credit card market...
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