Financial Services
Visa and Mastercard reach $30 billion deal with US retailers
The deal would also allow retailers to charge consumers extra at checkout for using Visa or Mastercard credit cards
Visa and Mastercard agreed to cap credit-card swipe fees — a deal that US merchants say will save them at least $30 billion over five years — in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
The deal, which is subject to court approval, also would allow retailers to charge consumers extra at checkout for using Visa or Mastercard credit cards and use pricing tactics to ...
