Visa and mastercard announced a revised $38 billion settlement with merchants who accused the card networks of charging too much to accept their credit cards, hoping to satisfy a judge who. Payment firms visa and mastercard are nearing a settlement with merchants by lowering fees stores pay and giving them more power to reject certain credit cards, the wall street. Visa and mastercard have struck a deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards.
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