Visa and Mastercard announced a settlement deal Monday in a decades-long legal battle over merchant fees on card transactions. The deal would lower the merchant fees associated with card transactions ...

Visa and Mastercard are two of the largest credit card networks, powering over 85% of credit card transactions nationwide. Chances are, you already carry one in your wallet. But what sets them apart?

Visa Inc. and Mastercard Inc. agreed to cut some of the fees they charge merchants and relax two of their most controversial rules in an effort to bring a 20-year legal battle with retailers to a ...

If approved, the settlement calls for Visa and Mastercard to reduce their swipe fees by 0.1% for five years. But trade groups have already come out against the deal, arguing the proposed changes are ...

With fintechs and legal cases pressuring payment fees, the card companies are leaning more on revenue from other sources.