Visa and Mastercard Near Deal With Merchants That Would Change Rewards Landscape

Visa and Mastercard are in discussions to finalize a deal that would lower credit-card interchange fees for merchants, a move that could reshape the rewards landscape. This potential agreement, which is nearing completion, aims to alleviate financial burdens on merchants but raises concerns for consumers who rely on rewards cards. The implications of this deal are significant, as it may hinder the ease with which consumers can utilize their rewards cards at the register, potentially affecting their purchasing decisions and loyalty to credit card providers. As the negotiations progress, the balance between merchant benefits and consumer convenience remains a critical point of consideration.