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 ...

A proposed settlement to long-running litigation over credit card fees could mean you could pay more at stores to use certain types of credit card, or even have your card rejected. Visa and Mastercard ...

A proposed settlement between Visa, Mastercard, and U.S. merchants could change what happens at the register, letting stores refuse certain high-cost cards if a federal judge signs off. The deal, part ...

Business travelers may be the ultimate losers in the latest scuffle between airlines and travel agents over credit card fees. Business travelers may be the ultimate losers in the latest scuffle ...

A decadeslong lawsuit between Visa Inc., Mastercard Inc. and a large cohort of merchants could finally be nearing its conclusion — with potential implications for shoppers if stores choose to limit ...

Today (November 10, 2025), credit card company Visa (NYSE:V) has issued a statement a potential legal settlement in the Payment Card Interchange Fee and Merchant Discount Antitrust Litigation. The ...

Visa Inc. and Mastercard Inc. agreed to lower and cap credit-card interchange rates as part of a landmark settlement with U.S. merchants that follows almost two decades of litigation, the parties said ...

The way it works in the credit card industry, the acquirer owns the POS terminal and rents it to the merchant, who places it in its physical premise. Ergo, even though the common man sees a "POS ...

If approved, the settlement could ultimately save merchants more than $200 billion over the course of the settlement period, according to Joseph Stiglitz and Keith Leffler, who served as expert ...

Most businesses that accept credit cards are assigned a merchant code, sometimes called a merchant category code. It’s a four-digit number that tells the credit card processing companies a little bit ...

The litigation site says separate agreements have been reached with American Express for $20 million, Discover for $12.2 million, and $119.7 million for Visa’s share and $79.8 million for Mastercard.

Q: Our agency operates its own tours, for which we are the credit card merchant. We would prefer that most clients pay us by check, but some clients want to pay by credit card, which costs us about 4% ...