This is a Mastercard news story, published by CityNews, that relates primarily to Visa news.
For more Mastercard news, you can click here:
more Mastercard newsFor more banking & finance news, you can click here:
more banking & finance newsFor more news from CityNews, you can click here:
more news from CityNewsOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like banking & finance news, you might also like this article about
Credit card fees. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest interchange fees news, other fees news, banking & finance news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
fee reductionsCityNews
•76% Informative
Credit card fees for small businesses dipping lower as deal set to take effect.
Mastercard and Visa are reducing interchange fees by up to 27 per cent in a move that Ottawa says will save businesses about $1 billion over five years .
The change officially takes place Saturday , but some payment processors have already started to pass on the savings.
VR Score
77
Informative language
78
Neutral language
29
Article tone
formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links