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The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...
The Payment Card Interchange Fee and Merchant Discount Antitrust Litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, MasterCard, and numerous financial institutions that issue payment cards. The suit was filed due to price fixing and other allegedly anti-competitive trade practices ...
Visa and Mastercard announced a major settlement with U.S. merchants on Tuesday, potentially ending nearly two decades of litigation over the fees charged every time a credit or debit card is used ...
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Both companies have been in litigation for nearly two decades over their dominance in the cards market. Visa and Mastercard agreed in 2019 to pay U.S. merchants $5.6 billion to settle damages ...
Visa is the world's leading payments network, connecting customers' debit and credit cards to their respective financial institutions. Merchants pay Visa fees on each transaction, generating ...
Mastercard, along with Visa, has been sued in a class action by ATM operators that claim the credit card networks' rules effectively fix ATM access fees. The suit claims that this is a restraint of trade in violation of federal law.
Visa had an estimated 52% of credit card purchase volume in the U.S. in 2022 ($2.84 trillion), and it has the operating margins that indicate a monopoly at greater than 60%.