Visa and Mastercard Settle for $30 Billion, Lowering Merchant Fees
TL;DR Summary
Visa and Mastercard have reached a $30 billion settlement over allegations of fixing credit card swipe fees in the US, potentially ending a 16-year legal battle. The settlement, which is subject to court approval, would resolve a class-action lawsuit brought by millions of US businesses.
- Visa and Mastercard agree $30bn settlement over US transaction fees Financial Times
- Visa and Mastercard agree to $30 billion settlement that will lower merchant fees CNN
- Visa, Mastercard Agree to Lower Swipe Fees in Settlement The Wall Street Journal
- Visa, Mastercard Reach $30 Billion Swipe-Fee Deal With Merchants Bloomberg
- Mastercard, Visa reach $30 billion settlement over credit card fees CNBC
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