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Visa, Mastercard Reach $30 Billion Deal With US Retailers

The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
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The legal fight over credit card swipe fees dates back to at least 2005. (Shutterstock)
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BoF PROFESSIONAL

Visa Inc. and Mastercard Inc. agreed to cap credit-card swipe fees — a deal that US merchants say will save them at least $30 billion over five years — in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.

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