Visa-Mastercard deal won’t end swipe fee battle
THE US credit card industry is desperate to head off an effort in Congress to slash the lucrative swipe fees charged on every transaction.
It’s perfect timing then for Visa Inc and Mastercard Inc to reach a settlement on a nearly 20-year-old legal fight with a group of retailers that pay these so-called interchange fees.
……Read full article on The Star Online - Business
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