AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Impact of Settlement on Card Networks and Merchants
This chapter covers the recent settlement in a long-standing antitrust lawsuit against MasterCard and other card networks by US merchants, resulting in minor penalties for the card networks. Changes include a slight reduction in swipe fees, a freeze on rate fees for five years, and the empowerment of merchants to impose surcharges based on card type, which may influence consumer card preferences.