[apex3stoker]

From this https://www.prnewswire.com/news-releases/us-merchants-enter-...

The old settlement allows giving discounts to cash, to debit cards etc, but it doesn’t allow giving discounts to visa/Mastercard issued by particular banks/businesses.

The new settlement will allows merchants to pass the fees directly to consumers on issuer level thereby disclosing the fee of each card and promoting the transparency. Consumers can understand the cost associated with each card and make their tradeoffs

Interestingly there is a call out on the 2018 American Express SCOTUS judgement. I don’t understand that very well.

> Merchants can charge for using a Visa or Mastercard credit card, regardless of whether they can charge for using American Express, whose rules for merchants were upheld by the Supreme Court in 2018.

[lotsofpulp]

It was not an old settlement, it was federal legislation (Dodd Frank 2010).

The 2018 Ohio v Amex ruling is about steering provisions not violating anti trust laws. Basically, Supreme Court ruled that AmEx could prohibit merchants from offering cheaper prices to Visa/Mastercard/Discover credit card users.

https://en.wikipedia.org/wiki/Ohio_v._American_Express_Co.

This ruling was actually very beneficial for tech companies.

It would be funny if, due to this settlement being only for Visa/Mastercard, merchants can charge different prices for using Visa or Mastercard credit cards, but American Express credit card users still gets to enjoy the lowest credit card price, while American Express gets to enjoy the highest credit card merchant fees.