Could Visa and Mastercard Credit Card Settlement Cause Issues for Issuing Banks and Consumers?
The Fintech Times
MARCH 30, 2024
Earlier this week, payment giants Visa and Mastercard agreed to lower fees charged to merchants for credit card transactions in the US, following a lawsuit spanning almost two decades. Interchange rates, set by the two payment giants, generally sit between two to four per cent of each transaction total.
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