Impact of Visa-MasterCard Interchange Settlement on Mobile Payments Not Yet Clear

Visa, MasterCard and their issuing partners have reached a legal settlement with merchants regarding interchange fees (fees charged by issuing banks for use of a credit card), and the implications for mobile payments are not yet completely clear. Nor are the legal challengesentirely over. The National Association of Convenience Stores, for example, seems intent on continuing the fight against the settlement, even...