Why a Visa-Mastercard Legal Settlement Could Lead to Your Rewards Credit Card Getting Declined

Why a Visa-Mastercard legal settlement could lead to your rewards credit card getting declined

NEW YORK (AP) — Visa and Mastercard have proposed a settlement in their long-running legal dispute with merchants and retailers over how much they charge merchants to accept their cards. The most important part of the settlement could directly impact how customers use their Visa- and Mastercard-issued credit cards, and may result in some consumers getting denied at the point-of-sale for purchases Visa and Mastercard have been in litigation with …

Visa and Mastercard reach swipe fee settlement with merchants

Visa and Mastercard say they've reached a deal to resolve a long-running battle with businesses over "swipe fees." But retailers and restaurants say it doesn't go far enough.

Visa, Mastercard Swipe Right on Fee Settlement. Will a Court Sign Off?

It was a big fight over small fees that added up to astronomical sums, but it may be nearly over.  After some 20 years of legal battling, merchants and credit card-processing giants Visa and Mastercard finally agreed to a settlement on Monday over swipe fees. But not everyone’s swiping right on the terms of the new deal.  Honorable No Charge Not all credit cards are created equal, which drives US merchants crazy. While Americans have grown to lo…

Visa, Mastercard Strike $200B Deal to End Two-Decade Antitrust War with U.S. Merchants

In one of the largest antitrust resolutions in U.S. history, Visa and Mastercard reached a $200 billion settlement Monday with millions of merchants, ending a 20-year legal clash over credit card fees that reshaped how businesses handle customer payments. The sweeping agreement, filed in a New York federal court, follows years of court rebukes and broken negotiations. The deal will grant merchants greater freedom over what cards they accept, sla…

Here’s What’s Inside the Latest Offer to End the Long-Running Legal Battle Over Merchant Fees

Defendants in the long-running legal battle over merchants’ card-acceptance costs officially filed an Amended Settlement Agreement Monday. The agreement, filed in the United States District Court for the Eastern District of New York, will provide plaintiff merchants meaningful relief by remedying the concerns expressed by the court over a previously rejected settlement offer and offers reforms “far beyond those the Court discussed,” the agreemen…