Visa and Mastercard have agreed to cut and cap credit card processing fees as a part of a major settlement with merchants after decades of litigation. Why it matters: U.S. businesses are expected to save at least $29.8 billion in the five-year deal‚ according to attorneys who represented the plaintiffs in the class-action settlement. Merchants will have more flexibility to adjust how much they charge consumers for goods sold via credit card. What they're saying: "...