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Stock impact report

This $30 billion settlement could impact your premium rewards credit card — here's why [Business Insider]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Swipe fees fund credit card perks such as cash back, travel benefits, and purchase protection. As a result, premium credit cards are more likely than others to be impacted by this legislation. NEW LOOK Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview You might soon pay more for the privilege of paying with a premium credit card like the Chase Sapphire Reserve or The Platinum Card from American Express. Global payment networks Visa and Mastercard settled a massive antitrust settlement with U.S. retailers Tuesday, March 26, that will cap fees on credit card swipes. Merchants that accept Visa and Mastercard can expect to save nearly $30 billion over the next three years if the presiding district court approves the agreement. The bulk of that savings will come from changes to interchange or "swipe" fees, the charge retailers pay to process credit card transactions. Swipe fees currently average between Show less Read more
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