Visa and mastercard have a potential deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards. Visa and mastercard announced a revised settlement with merchants who accused the card networks of charging too much to accept their credit cards. Visa and mastercard reach deal with merchants over credit card swipe fees as part of the proposed settlement, the credit card companies will temporarily lower the swipe fees for merchants.
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Payment firms visa and mastercard are nearing a settlement with merchants by lowering fees stores pay and giving them more power to reject certain credit cards, the wall street journal.
