Payment card settlement involves the process of transferring funds from the card issuer to the merchant’s bank after a transaction. Key elements include interchange fees, which are integral to these transactions, and themerchant discount, which represents the fee paid by merchants. Components of a ...
merchants in the "In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation" class action lawsuit. The case relates to claims that merchants allegedly paid excessive fees to accept Visa and Mastercard cards. The suit alleged that Visa and Mastercard and...