Schemes

Merchants Score Victory Over Visa and MasterCard as Court Tosses $7.25bn Interchange Settlement

Merchants score victory over Visa and MasterCard as court tosses $7.25bn interchange settlement In a win for merchants, a US federal appeals court has killed off a $7.25 billion class action settlement over interchange fees between millions of retailers and Visa and MasterCard. The huge settlement over claims that the card schemes had improperly fixed credit and debit card swipe fees was agreed …