March 27, 2024
Credit Card Rewards Under Threat as Visa, Mastercard Settlement Impacts...
Global payment giants Visa and Mastercard have reached a significant antitrust settlement with US retailers. This agreement, announced on Tuesday, March 26, is poised to have far-reaching consequences, potentially reshaping...
March 27, 2024
Real Estate Commissions: Some Insights from the Economics of Multi-Sided...
The real estate industry has long been scrutinized by regulatory agencies for various practices. Recent investigations and lawsuits have focused on the structure of real estate commissions in which a...
March 27, 2024
Class Action Lawsuit Accuses American Express of Overcharging Merchants
American Express finds itself embroiled in a legal battle as a proposed class action lawsuit, filed in Rhode Island federal court, alleges the company of overcharging thousands of US merchants...
March 26, 2024
Card Networks’ $30 Billion Interchange Settlement Kicks Open Merchant Surcharge...
The simple math on the swipe fee agreement reached by Visa and Mastercard announced Tuesday (March 26) indicates that consumers may not feel much impact at all, at the register,...
March 26, 2024
Mastercard and Worldpay Partner to Prevent Merchant Chargebacks
Mastercard and Worldpay are teaming to help merchants settle transaction disputes faster and reduce chargebacks. Chargebacks — refund requests sparked by customers disputing transactions — are a growing issue, Mastercard said in a Tuesday...
March 26, 2024
As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an initial public offering next year...
March 26, 2024
Visa: Tokens Bring $2 Billion ‘Uplift’ to Asia-Pacific Economy
Visa said its token service has been a boon for the Asia-Pacific region’s digital economy. The region saw an “uplift” of more than $2 billion last year due to Visa token service (VTS)...
March 26, 2024
Mastercard, Visa Reach Settlement With Merchants in Swipe Fee Lawsuit
Mastercard and Visa have reached a class action settlement with U.S. merchants, in a deal that aims to end 20 years of antitrust litigation around swipe fees and restrictions placed...
March 26, 2024
Visa and Mastercard Reach Landmark Settlement, Slashing Transaction Fees in...
Visa and Mastercard have reached a monumental settlement agreement that is poised to reshape the landscape of credit card transactions in the United States. The accord, announced on Tuesday, comes...
