Visa, Mastercard reach new settlement with merchants. Will it shake up credit-card rewards?
Core Viewpoint - A proposed settlement in a long-running merchant lawsuit would provide retailers with increased flexibility to block rewards cards, although the potential backlash from customers remains uncertain [1] Group 1 - The settlement aims to give stores more autonomy in managing payment methods, particularly regarding rewards cards [1] - Retailers may face a dilemma between exercising this newfound freedom and maintaining customer satisfaction [1]