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7.1877807726799E-05 0.000251572327044001 0.00111410601976641 0.00251572327044021 0.00276729559748421 0.00276729559748421 0.00276729559748421 0.00276729559748421
Stock impact report

Mastercard (MA) Reaches Awaited Settlement With U.S. Merchants [Yahoo! Finance]

Visa Inc. (V) 
Last visa inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investor.visa.com
Company Research Source: Yahoo! Finance
interchange rates and provide more discretion to merchants on imposing surcharges on credit card transactions. If the agreement materializes, which is subject to the final nod of the Eastern District Court of New York, it will solve a nearly 20-year-long dispute that originated from a chain of complaints by merchants against MA, Visa Inc. V and other financial institutions. V also agreed to the settlement terms. The accusations, filed initially in 2005, mainly revolved around the companies' interchange structure and point-of-sale acceptance rules, which resulted in the overcharging of merchants for accepting Mastercard and Visa-branded credit and debit cards. Delving deeper into the settlement terms, the reduction in published and effective interchange rate applies to U.S.-issued consumer credit and commercial credit transactions across nationwide merchant locations. The lowered rates will continue for a period of five years. Additionally, the payment networks will offer greater f Show less Read more
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