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Visa and Mastercard have agreed to settle a case geared toward decreasing service provider charges.
New York
CNN
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Two of the world’s largest bank card networks, Visa and Mastercard, in addition to the banks that challenge playing cards with them, agreed to settle a decades-long antitrust case introduced upon by retailers.
The settlement is about to decrease swipe charges retailers pay when clients make purchases utilizing their Visa or Mastercard by $30 billion over 5 years, in line with a press launch saying the settlement Tuesday morning.
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