U.S. Merchants Enter Into Class Action Settlement With Visa and Mastercard
Thursday, March 28, 2024
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Posted by: Sierra Lindemann
A significant antitrust class action settlement has been reached between U.S. merchants, Visa Inc. and Mastercard Incorporated, aiming to resolve claims related to payment card interchange fees. This agreement includes a rate rollback and a five-year rate cap, which is projected to result in nearly $30 billion in near-term savings on swipe fees for merchants.
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