Senator Dick Durbin (D-Illinois) said Monday (Nov. 17) that the proposed settlement in the 20-year Visa and Mastercard “swipe fees” legal battle “falls short” of providing a true solution to “outrageous swipe fees” on credit card transactions. Get the Full Story Complete the form to...
Visa and Mastercard have announced an updated settlement in a 20-year legal battle with merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Visa and Mastercard’s 20-year legal battle over interchange fees is reportedly winding down. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
A North Dakota judge has fired the starting gun on what could become the biggest reset of U.S. debit card economics since the Durbin Amendment itself, 14 years on — as an order came down vacating the Federal Reserve’s 2011 swipe fee cap. Get the...
July 02, 2024
After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa, Mastercard and millions of merchants has posted her 88-page opinion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free […]
June 25, 2024
Nothing’s settled, it seems — except that the $30 billion so-called “swipe fee” settlement is, at least in this incarnation, seemingly dead and gone. Get the Full Story Complete the...
June 07, 2023
If at first you don’t succeed, try, try again. That seems to be the prevailing sentiment Wednesday (June 7) when it was announced that the Credit Card Competition Act legislation is...
February 05, 2020
In today’s top payments news, former Bank of France Governor Christian Noyer said a centralized, global eCurrency is still at least a decade away, the U.S. economy could lose $10.3...
January 13, 2026
President Donald Trump endorsed a bill that aims to lower credit card swipe fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing […]
November 17, 2025
Senator Dick Durbin (D-Illinois) said Monday (Nov. 17) that the proposed settlement in the 20-year Visa and Mastercard “swipe fees” legal battle “falls short” of providing a true solution to...
November 10, 2025
Visa and Mastercard have announced an updated settlement in a 20-year legal battle with merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
November 09, 2025
Visa and Mastercard’s 20-year legal battle over interchange fees is reportedly winding down. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
