Payment Card Interchange Fee and Merchant Discount Antitrust Litigation
Interchange; Litigation is the Question
What is INTERCHANGE FEE? What does INTERCHANGE FEE mean? INTERCHANGE FEE meaning & explanation
Can Merchants Impose a Minimum Charge for Credit Card Payments?
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Visa, Mastercard agree to antitrust settlement
The Payment Card Interchange Fee and Merchant Discount Antitrust Litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, MasterCard, and numerous financial institutions that issue payment cards. The suit was filed due to price fixing and other allegedly anti-competitive trade practices in the credit card industry. A proposed settlement received preliminary approval from the judge overseeing the case in November 2012 but the majority of named class plaintiffs have objected and many have vowed to opt out of the settlement.
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