"As part of the agreement, the networks will reduce the average effective #interchangeRate — a measure of the fees #retailers pay when customers use cards at checkout — for US #creditCard purchases by 10 basis points for five years, according to regulatory filings."
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Visa, Mastercard Reach Settlement in 20-Year Merchant Legal Feud
Visa Inc. and Mastercard Inc. agreed to cut some of the fees they charge merchants and relax two of their most controversial rules in an effort to bring a 20-year legal battle with retailers to a clos...
www.bloomberg.com
November 10, 2025 at 1:53 PM
"As part of the agreement, the networks will reduce the average effective #interchangeRate — a measure of the fees #retailers pay when customers use cards at checkout — for US #creditCard purchases by 10 basis points for five years, according to regulatory filings."
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...