Judge Rejects Settlement in Merchant Fee Case

Judge Margo Brodie of the U.S. District Court for the Eastern District of New York has told attorneys for plaintiffs and defendants that she will not grant final approval to a proposed settlement of a class action lawsuit concerning fees merchants paid for Visa and Mastercard transactions. The defendants are Visa, Mastercard and a number of large credit card issuers. Plaintiffs are US merchants. The litigation, which has been moving through federal court since 2005, involves both a financial damages component—payment of approximately $30 billion in compensation to merchants—and injuncti...

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June 2024
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Charts in this Issue

Purchase Volume on US General Purpose Cards—Credit, Debit and Prepaid, Top 25 Issuers

Top 100 Issuers of US Credit and Debit Cards—History of Spending at Merchants, Years 2017 through 2023, Credit, Debit, Prepaid

Purchase Volume at Merchants 2023, Top 100 Issuers: Total, Credit, Signature Debit, PIN Debit, Prepaid

Commercial Bank Credit Card Issuers in Canada, Visa and Mastercard

Canada Corporate Card Issuers

Canada Purchasing and Fleet Card Issuers

Canada Small Business Credit Card Issuers

Top Acquirers of Domestic Debit and Credit Card Transactions in the Middle East and Africa

Merchant Acquirers in the Middle East and Africa