Visa and Mastercard are reportedly close to settling a legal battle with U.S. merchants that has been ongoing for two decades. The agreement aims to reduce credit card transaction fees for merchants and give them more control over which cards they accept. If approved, the settlement could lead to lower interchange fees and allow merchants to selectively accept certain types of cards, potentially impacting consumer behavior. The legal dispute began in 2005 and a previous settlement proposal was rejected in 2024. The new settlement is expected to include provisions around surcharging and could reshape credit card transactions in retail settings.

Read more at Nasdaq: Visa And Mastercard Near Settlement To End 20-Year Merchant Fee Dispute : Report