Market Overview

Visa and Mastercard Spike Following Federal Judge Ruling

Share:
Related V
Fidelity May Abandon American Express. What's Wrong With AmEx?
Stephanie Link Makes Changes In Her Portfolio
Meet The Manager Of A Top Performing Mutual Fund (Investor's Business Daily)
Related MA
Fidelity May Abandon American Express. What's Wrong With AmEx?
A Surprising Buffett ETF
Meet The Manager Of A Top Performing Mutual Fund (Investor's Business Daily)

Shares of Visa (NYSE: V) and Mastercard (NYSE: MA) are spiking higher following a ruling by a Federal Judge regarding swipe fees, according to a Bloomberg story.

The report suggested a federal appeals court upheld a ruling that the Federal Reserve acted within its power by capping debit card swipe fees at about $0.21.

The ruling was a blow to retailers in a dispute with banks over transaction costs.

Mastercard is lagging behind Visa at the moment, up only 0.29 percent compared to 2.3 percent.

Posted-In: News Rumors Legal

 

Related Articles (MA + V)

View Comments and Join the Discussion!

Get Benzinga's Newsletters