Our Mission

Learn who we are and how we serve our community


Meet our leaders, trustees and team


Developing the next generation of talent


Covering the latest news and trends in the marketplaces industry

Industry Insights

Check out wide-ranging resources that educate and inspire

Government Relations & Public Policy

Learn about the governmental initiatives we support


Connect with other professionals at a local, regional or national event

Virtual Series

Find webinars from industry experts on the latest topics and trends

Professional Development

Grow your skills online, in a class or at an event with expert guidance

Find Members

Access our Member Directory and connect with colleagues

ICSC Networking Platform

Get recommended matches for new business partners

Student Resources

Find tools to support your education and professional development

Become a Member

Learn about how to join ICSC and the benefits of membership

Renew Membership

Stay connected with ICSC and continue to receive membership benefits

Small Business Center

What the Visa and Mastercard Interchange Settlement Means for Small Business Owners

April 3, 2024

Small businesses that accept credit card payments should take note of the recent settlement agreement between each Visa and Mastercard and merchants, pending court approval. This agreement, stemming from a longstanding lawsuit, aims to reduce swipe fees, providing an estimated $30 billion in savings for businesses over the next five years. Key provisions include lowered swipe rates, capped reductions for a specified duration and enhanced flexibility in surcharging practices. However, anticipate potential adjustments to credit card rewards and perks, and be prepared for implementation to occur post-court approval, likely in late 2024 or early 2025.

To learn more about the settlement, and how it affects small businesses, read Nav’s story.

By Rebecca Meiser

Contributor, Commerce + Communities Today and Small Business Center

Small Business Center

ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.

Learn more