Visa and Mastercard Reach Settlement, Potentially Transforming Credit-Card Rewards

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Source: CNBC
Visa and Mastercard Reach Settlement, Potentially Transforming Credit-Card Rewards
Photo: CNBC
TL;DR Summary

Visa and Mastercard have reached a revised settlement with merchants over swipe fees, which involves lowering fees slightly and providing more acceptance options, ending a 20-year legal dispute; the deal still faces approval and may face opposition from some merchants.

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