Mastercard Still Raising Some Fees After Retailer Settlement (2)

Mastercard Inc. plans to increase certain credit card fees beginning April 15, just days after the company and Visa Inc. trumpeted a $30 billion settlement over separate swipe fees designed to provide relief to retail businesses.

The card company plans to raise its network “assessment” fee to 0.14% from 0.13%, equating to an annual increase of $259.1 million, based on the more than $2 trillion in Mastercard transactions last year, according to the Merchants Payments Coalition, a Washington-based group of retailers that advocates against higher payments fees. The group obtained documents shared with Bloomberg Law showing the increase. Retailers say ...