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The total value of the settlement will be about $7.25 billion. [9] [10] This amount could be decreased based on the number of plaintiffs who opt-out. [11] A part of the settlement that allows merchants to charge fees to customers paying via credit card in order to recoup swipe fees took effect on January 27, 2013.
The settlement is set to lower swipe fees merchants pay when customers make purchases using their Visa or Mastercard by $30 billion over five years, according to a press release announcing the ...
The release of Big Sur was the first time the major version number of the operating system had been incremented since the Mac OS X Public Beta in 2000. After sixteen distinct versions of macOS 10 ("Mac OS X"), macOS Big Sur was presented as version 11 in 2020, and every subsequent version has also incremented the major version number, similarly ...
A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. In some cases a payment processor , payment service provider , independent sales organization (ISO), or member service provider (MSP) is also a party to the merchant agreement and can act as ...
The remaining $2, known as the merchant discount [16] and fees, gets divided up. About $1.75 would go to the card issuing bank (defined as interchange), $0.18 would go to Visa or MasterCard association (defined as assessments), and the remaining $0.07 would go to the retailer's merchant account provider.
ISO 8583 is an international standard for financial transaction card originated interchange messaging. It is the International Organization for Standardization standard for systems that exchange electronic transactions initiated by cardholders using payment cards.
macOS Monterey is the final version of macOS that supports the 2015–2017 MacBook Air, Retina MacBook Pro, 2014 Mac Mini, 2015 iMac and cylindrical Mac Pro, as its successor, macOS Ventura, drops support for those models.
The case In re Apple iPod iTunes Antitrust Litigation was filed as a class action in 2005 [9] claiming Apple violated the U.S. antitrust statutes in operating a music-downloading monopoly that it created by changing its software design to the proprietary FairPlay encoding in 2004, resulting in other vendors' music files being incompatible with and thus inoperable on the iPod. [10]