Fintech Insider Podcast by 11:FS cover image

840. News: Visa and Mastercard agree the largest antitrust settlement in US history

Fintech Insider Podcast by 11:FS

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Antitrust Settlement Impact on Card Fees

The chapter delves into the largest antitrust settlement in US history between Visa and MasterCard, aimed at reducing credit and debit card fees for merchants. It discusses reductions in swipe rates, capping rates, and removing anti-steering provisions to address inflated swipe fees and restrictions on cheaper alternatives. The impact of the settlement on interchange fees, major card issuers, and the evolving card payment landscape is also explored.

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