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Capital One’s best argument for its Discover deal would seem to be that the merger would bust up the Visa-Mastercard duopoly. But this deal won’t really do that, @lizrhoffman explains in Semafor Business. https://t.co/6xI7Y5hM5h
Credit card companies continue to profit on the backs of hard-working American consumers and businesses. It is past time to rein in the Visa-Mastercard duopoly. https://t.co/Y9sf7BCAQK
Visa and Mastercard end long running US interchange fee battle https://t.co/Zg4PKxDFTR https://t.co/P0Bukgibkv
Visa and Mastercard reached a $30 billion settlement with merchants to cap credit-card swipe fees, potentially affecting luxury credit card programs. The agreement may lead to increased costs for customers using certain cards, impacting rewards programs and consumer savings. While merchants stand to benefit, concerns arise about the extent of relief for consumers in the long run. The settlement aims to end a legal battle that has lasted nearly two decades, with critics suggesting it may not prevent future litigation.