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Visa and Mastercard agreed to lower all of their swipe fees (or interchange rates) by 0.04 percentage point for three years and lower the average rate by 0.07 percentage point for the next five years.

Recent updates show Mastercard continuing to earn fees on every network transaction, investing in tokenization and open ...

Visa and Mastercard have reached a nearly $30 billion settlement to limit credit and debit card fees for merchants by reducing their U.S. credit card interchange rates or swipe fees for at least a ...

As Congress and the White House examine consumer protection rules for the banking industry, merchants hope they'll also look into another aspect of the card game -- the increasing fees retailers are ...

An unprecedented group of 19 of the largest retailers in the United States announced today that they have each individually decided to object and opt out of a proposed class action settlement of an ...

Visa and Mastercard are offering to lower the fees they charge merchants to accept their credit cards to settle 20 years of litigation, but some merchant groups say it's all "smoke and mirrors" and ...