News

A credit-card settlement that could save businesses billions was dealt a big blow. Here's what happens next and what businesses need to know.
Judge rejects $30 billion Visa, Mastercard swipe-fee settlement The credit card companies will have to either renegotiate the deal with merchants or go to trial.
Visa and Mastercard reached a landmark $30 billion settlement that will limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers.
Swipe fees are paid to Visa, Mastercard and other credit card companies in exchange for enabling transactions. Merchants ultimately pass on those fees to consumers who use credit or debit cards.
The settlement agreement had stipulated a number of terms, including that Visa and Mastercard will roll back the posted swipe fee of every merchant by at least four basis points for at least three ...
Apple, Mastercard, and Visa have managed to get a lawsuit dismissed claiming that the three companies conspired to inflate ...
Apple , Visa and Mastercard have persuaded a U.S. judge to dismiss a lawsuit accusing them of conspiring to suppress ...
A U.K. judicial body says the card networks have breached competition laws, while Belgian regulators are examining Wordline ...
A turf war is breaking out in the vast world of digital payments — and the incumbents are suddenly on defense.
Victory for Scott + Scott in merchants' challenge following earlier settlement by Stephenson Harwood-advised claimants ...
NPCI boosts RuPay credit cards with bank incentives, aiming to challenge Visa and Mastercard’s dominance by leveraging UPI ...
A digital payment battle is brewing as tech firms and crypto startups challenge Visa and Mastercard's dominance. Stablecoins, ...