Visa and Mastercard have reached a modified settlement with merchants who accused the two card networks of imposing excessive fees for accepting their credit cards. This follows a judge's rejection of a previous $30 billion deal as inadequate. The new settlement aims to resolve a long-running legal dispute in which merchants alleged that Visa and Mastercard set unfairly high interchange fees, leading to increased costs for consumers. The companies agreed to the changes to avoid further litigation and ensure stability for their business partners.
