The largest US retailer, Walmart, considers the proposed settlement of a class-action lawsuit that began in 2005 and which pits all US merchants against Visa, Mastercard and the largest US credit card issuers to be a sellout of national merchants in favor of smaller merchants. In a statement filed with the U.S. District Court for the Eastern District of New York in December 2025, Walmart said it had approached the attorneys representing the merchants (plaintiffs) to discuss terms that should be included in any settlement agreement with the defendants (Visa, Mastercard, etc.), but that plain...