Tag: Visa
Visa & Mastercard Face Multibillion-Pound UK Fee Suit
MasterCard and Visa are said to be facing a lawsuit from UK companies over competition, with potential damages in the billions of pounds.
The Competition...
US Court Upholds Visa, MasterCard $5.6 Billion Settlement
A federal appeals court has approved a settlement of a class-action lawsuit brought against Visa and Mastercard.
The settlement, in which the payment card networks...
Mastercard, Visa May Face New UK Class Action Suit Over Fees
A UK firm is reportedly to file another antitrust class action claim against Mastercard and Visa over their multilateral interchange fees,reported Sky News. This...
Visa Cooperates With DOJ Antitrust Probe Into Debit Card Practices
The U.S. Justice Department is continuing its investigation into Visa's debit card practices.
The payments giant is cooperating with the probe, which is "seeking additional documents and...
DOJ Asks For More Info On Visa’s Debit Card Practices &...
On Friday Visa said the antitrust division of the US Department of Justice had issued an investigative demand earlier this month seeking documents and...
FTC Probes Competition In Visa, Mastercard Debit Routing Practices
The Federal Trade Commission (FTC) is reportedly looking into whether Mastercard and Visa's security tokens prevent debit-card routing competition on certain digital payments.
That’s according to a Monday (Oct....
The Unintended Consequences Of Durbin’s Proposed Routing Legislation
It’s a movie that everyone in the payments industry has seen at least once: Merchants challenging the card networks over interchange.
The latest attempt, spearheaded...
UK Questions Visa, Mastercard Cross-Border Fees
Visa and Mastercard pushed back against U.K. regulators examining 2021 cross-border fee hikes, saying the increases were triggered by the U.K.’s exit from the...
Chile’s Competition Tribunal Orders Visa & Mastercard To Alter Payment Practices
Chile´s competition authority, the Tribunal for the Defense of Free Competition (TDLC) has issued a sentence regarding the procedures that will regulate payments systems...
UK Parliament Want Visa, Mastercard To Explain Swipe Fees Hike
On Wednesday (July 13), the Treasury Committee at the UK Parliament sent letters to Visa and Mastercard requesting them to explain their increases in cross-border interchange...
