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0.000146009761795489 0.000156439030495158 -0.000219014642693292 0.0002503024487923 0.00106378540736722 -0.000292019523590977 0.00199199032163861 0.00258645863752036
Stock impact report

Credit Card Giants Reach $30 Billion Settlement, Agree To Temporarily Lower Fees [Forbes]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Forbes
Bottom Line Visa and Mastercard are the world's leading payment processing networks, and the numbers are not even close. Between the two giants, shares sit at 77.3% of the total market value, dwarfing American Express and Discover, which account for 12.7% and 10% respectively. But their dominance has been underscored thanks to a nearly $30 billion settlement. In addition to the landmark payout, Visa and Mastercard have also agreed to temporarily lower processing fees. At first glance this seems like a victory for consumers, but the underlying complexities could result in no benefits or even potentially negative impacts. Find the Best Credit Cards for 2024 Understanding the Visa and Mastercard Settlement: What You Need To Know The catalyst for the settlement began nearly 20 years ago. An antitrust lawsuit from U.S. merchants alleged that Visa and Mastercard engaged in a conspiracy to fix fees related to card processing at an artificially steep rate. Initially, a settlement Show less Read more
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