Visa and Mastercard Reach $30 Billion Settlement Over Transaction Fees

Visa and Mastercard have reached a $30 billion settlement over transaction fees in the United States, marking a significant development in the long-standing dispute between the credit card companies and vendors. The resolution is anticipated to have a far-reaching impact on the payment industry, potentially leading to changes in fee structures and altering the dynamics of the credit card market. This settlement is seen as a significant win for merchants, bringing relief to businesses grappling with high transaction costs.