The article discusses the court case Payment Card Interchange Fee Antitrust Litigation, wherein U.S. District Judge John Gleeson granted plaintiffs attorneys 545 million dollars for their work in a class action on behalf of merchants against Visa Inc., MasterCard Inc. and a group of banks.Todd...
Antitrust litigation against payment card companies primarily focuses on the alleged anti-competitive practices related to interchange fees. Payment networks like Visa and MasterCard have faced scrutiny for setting and maintaining high interchange fees that merchants must pay to accept card transactions. Su...
credit card industryIn 2013, I served as a court-appointed expert in consolidated class and individual plaintiff antitrust litigation against Visa and Mastercard in the Eastern District of New York. The litigation involved a challenge to default interchange fees established by Visa and Mastercard, ...
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...
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(ii) Chargebacks or refunds for purchases of Goods or Services made by Borrowers through Program that are not processed by a third-party payment card network may, in discretion of Program Manager, be processed in a manner generally consistent with original funds transfer or be satisfied by ACH...
How one chooses to deal with bad news, tells a lot about the integrity of people running the organization. As a credit card expert witness RK Hammer can assist with the litigation. “Running and hiding” in the hope it will all just go away is never good PR strategy. ...
Antitrust Issues in Two-Sided Network Markets: Lessons from in Re Payment Card Interchange Fee and Merchant Discount Antitrust Litigationdoi:10.2139/ssrn.2530657antitrusttwo-sided marketscredit card industryIn 2013, I served as a court-appointed expert in consolidated class and individual plaintiff ...