Visa and Mastercard Spike Following Federal Judge Ruling
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.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.