Visa and Mastercard Reach Revised Swipe-Fee Settlement With U.S. Merchants
On Nov. 10, 2025, Visa and Mastercard announced a revised settlement with U.S. merchants that have accused the card networks and issuing banks of charging excessive “swipe” (interchange) fees. The accord, which must be approved by U.S. District Judge Margo Brodie in Brooklyn, follows the rejection in June 2024 of a prior $30 billion deal … Read more