Merchants wrongly discount the value of “sweeping concessions” made by Visa and Mastercard on fee cuts and other major card acceptance changes in a proposed settlement to end decades of litigation ...

NEW YORK - A landmark antitrust class action settlement has been reached between U.S. merchants and Visa and Mastercard to resolve claims for a lawsuit entitled "In re Payment Card Interchange Fee and ...

Visa and Mastercard are nearing a settlement with merchants that aims to end a 20-year-old legal dispute by lowering fees stores pay and giving them more power to reject certain credit cards, ...

The series of antitrust class action lawsuits first brought by U.S. merchants against Visa and Mastercard in 2006 continued its winding path toward closure as the parties announced in March 2024 that ...

Merchant lawsuits challenging credit card interchange and payment card network rules that began nearly two decades ago may finally be heading for resolution under a landmark settlement announced ...

New York (CNN) — Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decadeslong antitrust case brought upon ...

Experts say credit-card swipe fees cost the average American family about $1,200 a year, and a renewed push in Congress could ...

The restructuring of MasterCard as a public company has thrown a heavy wrench into the interchange lawsuits, at least as they pertain to MasterCard Inc. and its issuing banks. Perhaps that is why the ...

Two major credit card companies plan to increase merchant fees, according to The Wall Street Journal. The companies have delayed fee increases the last two years amid criticism from lawmakers about ...