Keefe Bruyette analysts say the settlement agreement announced the by Visa (V) and MasterCard (MA) that will lower interchange fees by seven basis points for the next five years, beginning in April 2025, is likely to be a net positive for merchant acquirers focused on U.S. small merchants that are typically priced on a bundled basis. These include Global Payments (GPN), Block (SQ), Fiserv’s (FISV), PayPal (PYPL) and Evertec (EVTC), the analysts tell investors in a research note. The firm says this explains the positive stock price moves today.
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