> The settlement, which only applies to US merchants, is the result of a lawsuit filed in 2005. However, nothing is considered finalized until it receives approval from the US District Court for the Eastern District of New York.

> Typically, swipe fees cost merchants 2% of the total transaction a customer makes — but can be as much as 4% for some premium rewards cards, according to the National Retail Federation. The settlement would lower those fees by at least 0.04 percentage point for a minimum of three years.

It took a 20 year antitrust lawsuit to bring a 2% fee down to 1.96% for 3 years? Am I reading that wrong? Or maybe this is more about reducing the additional fees for premium rewards cards?