The Durbin tipping point: new network fees could impose more than a half-billion dollars’ worth of additional charges on merchants.
Visa and Mastercard have settled a long-running antitrust case brought by merchants over unfair swipe fees.
To have a long-term effect on credit card interchange fees across the board, regulation - rather than a merchant-wide ban on certain card types - will be necessary.
The WSJ reports that Visa and Mastercard are close to reaching a one-off $6.5 billion settlement with merchants.
Visa (NYSE:V) today modified and clarified existing debit network routing rules to help merchants and acquirers better understand implementation options.