Merchants Win the Credit Card Wars #swipefees (via Motley Fool)


The battle over plasticOn Monday, Visa NYSE: V and MasterCard NYSE: MA agreed to a proposed settlement with the U.S. Department of Justice and several state attorneys general. In the settlement, which helped the credit card network companies avoid an antitrust lawsuit, Visa and MasterCard agreed to allow merchants to offer discounts and various other incentives to customers if they use cards that cost those merchants less in fees to accept. Before the settlement, merchants were bound by agreements that prohibited them from discriminating among different types of credit cards within the same network, even if some had higher interchange fees and other charges.

READ ARTICLE via Merchants Win the Credit Card Wars AXP, BAC, COF, DFS, JPM, MA, V.

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