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0.000316555872111345 0.000316555872111345 -0.00438655994211562 -0.000226111337222448 -6.56627323293681E-05 -0.00044607244607255 0.00147424591869026 -0.00149233482566824
Stock impact report

Visa, Mastercard reach $200 billion deal over swipe fees. Will you see savings? [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
cards to settle 20 years of litigation, but some merchant groups say it's all "smoke and mirrors" and nothing in the plan will save anyone money. Under the $200 billion proposal, Visa and Mastercard would lower credit-card interchange fees charged to merchants to process credit cards. The fees, usually between 2% and 2.5%, would drop by 0.1 percentage point, on average, over five years while standard credit card fees would drop to 1.25% for eight years. Merchants would gain surcharging flexibility and those that accept one of a network's credit cards would no longer have to accept all of them. A court still must approve the settlement. Visa and Mastercard said the deal would lower costs for merchants and consumers, but retail trade groups scoffed, saying consumers and merchants would end up paying more “No one should be fooled by the credit card industry's smoke and mirrors,” said Lyle Beckwith, senior vice president of government relations at trade group National Association of Show less Read more
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