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Mastercard Inc.

Merchants group criticizes proposed ‘swipe’ fee settlement

Merchants group criticizes proposed ‘swipe’ fee settlement

WASHINGTON – A proposed agreement that would reduce “swipe” fees that retailers pay each time a shopper pays with a Visa or Mastercard is “a bad deal for merchants,” according to the Merchants Payments Coalition (MPC), a lobbying group advocating for a more competitive and transparent card system. The coalition is expressing its disappointment with