Visa and Mastercard Proposed Antitrust Settlement

Publisher: Unified A/R

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Visa and Mastercard Proposed Antitrust Settlement

Last week Visa and Mastercard announced a $30 billion settlement to a long-standing 2005 antitrust lawsuit. This lawsuit was brought forward by merchants and trade associations. If the settlement announced March 26, 2024 is approved by the courts, it has the potential to change how some transactions may be processed while providing a reduction in costs, or at least putting a cap on some fees for a while.