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 ...

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 ...

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 ...

Our Financial Services Group summarizes the closely observed preliminary settlement agreement over the fees credit card companies and banks charge merchants. Interchange fee rates would be reduced and ...

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.

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 ...

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, ...