Visa and Mastercard have reached a £30bn settlement to lower card fees for merchants in a landmark antitrust case that began in 2005. The credit companies deny any wrongdoing, but the settlement will result in lower swipe rates and more discretion for businesses to offer discounts.
Gadgets News News: Apple is making changes to its App Store Guidelines in response to the 2021 Apple vs Epic trial outcome. These changes relax anti-steering rules and allow app developers in the US to include links to external payment systems within their apps. Read more about the changes and their impact on developers.
Although Spotify took a prominent stance in the opposition, the ruling extends its impact beyond the realm of music streaming, affecting any software provider relying on a monthly subscription model.
Hagens Berman: Class-Action Lawsuit Accuses PayPal of Anticompetitive Pricing Rules Affecting Millions of Consumers tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.