Consumer News Visa And Mastercard Agree To Settlement Of Lawsuit Over Atm Fees

Will the Visa-Mastercard Settlement Be Bad News for Your Premium Credit Card?

Under the new proposal, Visa and Mastercard would lower swipe fees by an average of around 0.1 percentage point for several years and cap "standard" consumer card rates at 1.25% for eight years. But ... Read More

Why the convenience store industry won't support Visa/Mastercard swipe fee settlement

With 85% of cards today tied to rewards programs, almost all would fall under the new ‘premium consumer’ category, leaving businesses with virtually no choice but to continue accepting high-fee cards. Read More

Visa, Mastercard are said to near settlement to cut fees, ease rules for merchants

Visa (V) and Mastercard (MA) are close to a settlement that could resolve a two-decade legal battle with U.S. merchants by reducing credit-card fees and loosening restrictions on which cards stores ... Read More

Settled for Certain? The Latest Proposed Settlement in the Visa and Mastercard MDL Litigation and Its Likely Effect on Surcharging

The multidistrict interchange class action litigation (“Interchange MDL”) against Visa and Mastercard has been going on for over 20 years before ... Read More

Visa, Mastercard reach new settlement with merchants. Will it shake up credit-card rewards?

A proposed settlement in a long-running merchant lawsuit would give stores more freedom to block rewards cards, but it remains to be seen if they'd risk angering customers Visa and Mastercard have ... Read More

Visa and Mastercard Near Settlement With Merchants, Would Lower Fees, WSJ Reports

(Reuters) -U.S. payment firms Visa and Mastercard are nearing a settlement with merchants by lowering fees stores pay and giving them more power to reject certain credit cards, the Wall Street Journal ... Read More

Visa, Mastercard reach swipe-fee settlement: How it'll affect your wallet

Visa and Mastercard announced Monday that they reached a proposed settlement that would lower charges that merchants pay to the credit card networks. While those fees are paid by the store every time ... Read More

Visa, Mastercard confirm proposed settlement with merchants

Visa (V) and Mastercard (MA), the two biggest U.S. card payment networks, reached a proposed settlement that resolves a lawsuit against the two companies and other defendants filed by merchants in ... Read More

Visa and Mastercard might have a deal to lower merchant fees. Your rewards card could get hit

(CNN) — Visa and Mastercard have a potential deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards. The deal, which is still ... Read More

Visa, Mastercard reach $38B settlement with merchants over swipe costs

Credit card companies Visa and Mastercard have settled decades of litigation over how much they charge merchants who accept their cards. Businesses accused Visa and Mastercard, as well as banks, of ... Read More