TLDR Tech / Fintech
Visa, Mastercard fend off fee foes
Visa and Mastercard scored a series of wins against merchant efforts to curb card fees, as state-level fee restrictions in Colorado and Illinois stalled and a federal court approved a contested merchant settlement. Despite continued pressure from retailers, restaurants, and lawmakers, the card networks and issuing banks have largely maintained their grip on interchange and network fees, ensuring the long-running fight over swipe fees will continue.
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