Visa agrees to landmark settlement with u.s. merchants reducing rates and guaranteeing no increases for at least five years

San francisco--(business wire)--after nearly 20 years of litigation, visa (nyse: v) today announced it has agreed to a landmark settlement with u.s. merchants, more than 90 percent of which are small businesses, lowering credit interchange rates and capping those rates into 2030. the settlement also provides updates to several key network rules giving merchants more choice in how they accept digital payments. the agreement's multi-year benefits for businesses include: lower interchange rates. t.
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