Electronic Payments International on MSN

Visa, Mastercard to pay $199.5m to resolve merchant lawsuit-report

The merchants’ lawsuit claimed that the payment networks violated antitrust laws by collectively altering changes to ...
komonews

FTC sues company for 'thwarting' consumers trying to reverse disputed credit card charges

SEATTLE — Credit cards have a unique feature, the chargeback process, that protects you from charges that are fraudulent, inaccurate, or unauthorized. It can also be used when merchandise doesn't ...
JDJournal

Visa and Mastercard Agree to $199.5 Million Payout to Settle Merchant Fraud-Liability Class Action

In a significant move to close another chapter in their long history of legal battles with merchants, Visa Inc. and Mastercard Inc. have agreed to pay a combined $199.5 million to settle a ...

Visa, Mastercard agree to $199.5 million settlement in merchants’ class action

Visa and Mastercard have agreed to pay a combined $199.5 million to settle a nearly decade-old class action that accused them ...
Reuters

Visa, Mastercard fees probe widens as EU antitrust regulators look into market power

Payments companies asked about Visa, Mastercard fees Visa, Mastercard process about two-thirds of euro zone card payments EU antitrust scrutiny triggered by retailers' complaints A new questionnaire ...
Wall Street Journal

Senators Ask Visa, Mastercard to Reverse Plans to Increase Fees Paid by Merchants

Lawmakers are sending a letter today to Visa and Mastercard, asking the companies to reverse plans to increase fees paid by merchants this fall. “This move would be profoundly misguided,” the letter ...