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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Visa Inc | NYSE:V | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 3.04 | 1.13% | 271.5299 | 271.91 | 269.57 | 269.65 | 1,833,886 | 18:43:03 |
From May 2023 to May 2024
By Dean Seal
Shares of Visa and Mastercard are trading lower Wednesday following a report that lawmakers are circling back to proposed legislation that could bring down credit card fees.
Visa's stock slid 3% to $221.50 and Mastercard's fell 3% to $368.82 early in the trading session.
The Wall Street Journal reported before the market opened Wednesday that a bill is expected to be introduced this week that would give merchants the power in many cases to process Visa and Mastercard credit cards over different networks.
Giving merchants that right could lower the fees they have to pay.
A similar bill was introduced last summer but it didn't get voted on. The new bill will have two additional co-sponsors, Sen. Peter Welch, a Vermont Democrat, and Sen. J.D. Vance, an Ohio Republican.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 07, 2023 11:44 ET (15:44 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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