The key components of the Visa and Mastercard settlement regarding interchange fees include a commitment to reducing interchange rates by four basis points in the U.S. for three years, capping rates for five years, and eliminating anti-steering provisions that restrict merchants from guiding customers towards cheaper payment options. The total value of the fee reductions […]

The Impact of the Visa and Mastercard Settlement on Interchange Fees Introduction Visa and Mastercard have recently reached a groundbreaking $30 billion settlement aimed at limiting credit and debit card fees for merchants. This settlement has the potential to result in significant savings for consumers through lower prices. The agreement addresses long-standing accusations of inflated […]