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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 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. In December 2013, U.S. District Court Judge John Gleeson approved a settlement in the case that amounted to $7.25 billion. The settlement lowers interchange fees for merchants and also protects credit card companies from being sued over the issue again in the future. That settlement was reversed. Currently one for US$6.24 billion is scheduled to go before the district court on November 7, 2019. (en)
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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 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. (en)
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- Payment card interchange fee and merchant discount antitrust litigation (en)
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