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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. ....

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Visa, Mastercard reach $30 bn settlement over card fees

Visa, Mastercard reach $30 bn settlement over card fees
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Premium credit card holders may pay more thanks to Visa-Mastercard settlement

Customers who use cards like Visa Infinite, Chase Sapphire Reserve and Mastercard World Elite will need to shell out more in swipe fees. ....

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Visa, Mastercard reach $30bn settlement over credit card fees

Merchants have long accused the payment networks of charging inflated ‘swipe fees’ when shoppers use their cards. ....

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