MasterCard and Visa are said to be facing a lawsuit from UK companies over competition, with potential damages in the billions of pounds. The Competition Appeal Tribunal is set to file a claim stating that MasterCard and...
Visa and Mastercard have reached an agreement with merchants in a twenty-year-old lawsuit that, if approved, could reduce the amount of money businesses that accept credit cards pay in interchange fees, also known as “swipe fees.” It is expected to save businesses that accept credit cards a...
Visa and Mastercard’s antitrust lawsuit The current court case opened by the Justice Department follows Visa and Mastercard’s antitrust lawsuit from July 2023, when the two corporations faced scrutiny over trying to fix inflated interchange fees and maintaining market power. Block, which directly ...
Analyzes a lawsuit over interchange fees that a group of major grocery and drugstore chains filed against Visa U.S.A. Speculation that Visa's rival MasterCard International was not named as a defendant because it is negotiating with the plaintiffs, which include Kroger Co., Walgreen Co., and...
merchants and Visa and Mastercard to resolve claims for a lawsuit entitled "In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation." The settlement, among the largest in U.S. antitrust history, relates to swipe fees and could deliver shoppers and U.S. merchants ...
merchants and Visa and Mastercard to resolve claims for a lawsuit entitled "In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation." The settlement, among the largest in U.S. antitrust history, relates to swipe fees and could deliver shoppers and U.S. merchants ...
US antitrust lawsuit accuses Visa of using dominance to shut down rivals Payments company had ‘web of exclusionary agreements’ to shore up $7bn-a-year debit business, justice department says May 21 2024 Mastercard Inc Mastercard and Visa face crackdown by UK watchdog on merchant fees ...
In the UK, Mastercard faces aclass-action lawsuitthat claims that the interchange rates it charged between 1992 and 2008 were passed on to consumers by shops and businesses via higher prices. In the US, Visa and Mastercard this year agreed to lower their transaction fees in a$30bn sett...
After a decades-long legal battle with merchants, Visa and Mastercard have agreed to settle an antitrust class-action lawsuit over credit card swipe fees, a move that could potentially benefit consumers. If the deal is finalized and approved by the US District Court for the Eastern District ...
Visa Inc. (V) and Mastercard Inc. (MA) agreed to a settlement in a longstanding lawsuit that would lower the fees businesses pay to complete credit card transactions, and cap them from being raised until 2030. In addition to loweringinterchange feesand preventing them from being r...