V - Payment Networks Can Breathe A Sigh Of Relief With The Interchange Settlement
2024-05-10 16:09:12 ET
Summary
- The proposed interchange settlement is a positive for networks.
- Merchants benefit w/ lower prices, steering and surcharging.
- Hopefully, Senator Durbin stops his CCCA agenda.
Interchange Settlement
May 2024
We Hope Senator Durbin Can Move onto Something Else
We have invested in Mastercard and Visa since their IPO’s, in 2006 and 2008 respectively. When both payment companies initially listed, they identified potential legal liabilities stemming from merchant interchange lawsuits. During its IPO roadshow, Visa took a somewhat differentiated tact, by shielding new public shareholders from this liability and putting the risk onto the shoulders of its banking partners, card issuers, and earliest owners....
Payment Networks Can Breathe A Sigh Of Relief With The Interchange Settlement