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 ...

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 ...

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 ...

Two of the world's largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, agreed to settle a decadeslong antitrust case brought upon by merchants. The ...

A payment terminal is displayed next to a logo of Mastercard at the company’s booth at China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 11, 2025. REUTERS/Maxim ...

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 — MasterCard Worldwide said it will establish a cap on the fees gas stations must pay to clear consumer credit cards and will publish a complete list of its so-called interchange fees, which ...

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 ...

Discover what the merchant discount rate (MDR) is, why it's important for businesses, and how typical fees range. Learn how MDR affects transactions and pricing.

Visa (NYSE:V) and Mastercard (NYSE:MA) said on Tuesday they agreed to a settlement with U.S. merchants to reduce credit interchange for at least a five-year period, resolving a long-running dispute, ...