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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 because of price fixing and other allegedly anti-competitive trade ...
The case is In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, U.S. District Court, Eastern District of New York, No 05-md-01720. (Reporting by Jonathan Stempel in New ...
According to the settlement announced Tuesday, Visa and Mastercard will cap the credit interchange fees until 2030, and the companies must negotiate the fees with merchant-buying groups.
Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decadeslong antitrust case brought upon by merchants.
Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...
Glenview is a 6th-class city along the southern bank of the Ohio River in northeastern Jefferson County, Kentucky, United States The population was 531 at the 2010 census. Glenview has the 2nd-highest per capita income within Kentucky and the 74th-highest in the United States. The city is known for its old estate homes on high bluffs ...
List of cities in Kentucky. Kentucky, a state in the United States, has 418 active cities. [ 1] The two largest, Louisville and Lexington, are designated "first class" cities. A first class city would normally have a mayor- alderman government, but that does not apply to the merged governments in Louisville and Lexington.
When a business charges a fee for a form of payment, whether in person, online or by phone, it’s called a surcharge. Credit card surcharges are applied when you use your credit card to make a ...