SAN FRANCISCO (dpa-AFX) - Visa (V) has agreed to a settlement with U.S.
merchants lowering credit interchange rates and capping those rates into 2030.
The company said the settlement gives merchants greater flexibility at the
point-of-sale, including the opportunity to steer to
preferred payment methods and more optionality around surcharging.

Separately, Mastercard (MA) announced it has reached an agreement to reduce its
U.S. credit card interchange rates for at least a five-year period as part of a
legal settlement with merchants. Mastercard will reduce the published and
effective interchange rate on U.S.-issued consumer credit and commercial credit
transactions at U.S. merchant locations. The interchange reduction will serve as
a cap for a period of five years. The settlement is subject to final approval by
the Eastern District Court of
New York.



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