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Visa and Mastercard Reach $38 Billion Swipe Fee Settlement
Visa and Mastercard have announced a $38 billion settlement with retailers who accuse the card networks of charging too much to accept their credit cards. Under the settlement, the card companies would lower their swipe fees by about one tenth of a percent over five years.
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New to Canada? Get Up to 12% Cash Back for 3 Months with a New RBC Cash Back Mastercard.
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