The settlement at hand would extend to all U.S. merchants that accepted Visa or Mastercard debit or credit cards dating back to December 2020. Getty Images (ljubaphoto) By Andy Medici – Senior ...

A judge rejected a $30 billion settlement reached in March in which Visa and Mastercard agreed to limit fees they charge merchants. AP. The decision could force Visa and Mastercard to negotiate a ...

Visa's and Mastercard's proposed $30 billion antitrust settlement to limit credit and debit card fees for merchants is in peril, after a New York judge signaled she was preparing to reject the accord.

The settlement arose from a 2005 antitrust class-action lawsuit against Visa, Mastercard and multiple U.S. banks that alleged that merchants paid excessive fees to accept credit and debit payments ...

Visa and Mastercard will cap the credit interchange fees into 2030 under a settlement announced Tuesday, and the companies must negotiate the fees with merchant buying groups.

Visa and Mastercard on Tuesday reached a landmark $30 billion settlement that will limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers.

According to the settlement announced Tuesday, Visa and Mastercard will cap the credit interchange fees into 2030, and the companies must negotiate the fees with merchant buying groups.

The settlement is set to lower swipe fees merchants pay when customers make purchases using their Visa or Mastercard by $30 billion over five years, according to a press release announcing the ...

Visa and Mastercard say they and several banks will pay $6.2 billion to settle part of a long-running lawsuit brought by merchants over fees on credit card transactions.

Visa and MasterCard announced, Tuesday, March 26, 2024, a settlement with U.S. merchants related to swipe fees, a development that could potentially save consumers tens of billions of dollars.

A nearly $30 billion settlement involving U.S. retailers and credit card giants Visa Inc. and Mastercard Inc. has been dealt a blow after a judge said it was unlikely she would approve the deal ...

The settlement is set to lower swipe fees merchants pay when customers make purchases using their Visa or Mastercard by $30 billion over five years, according to a press release announcing the ...