Search results
Results from the Tech24 Deals Content Network
The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...
A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard. The settlement stems from a 2005 lawsuit that ...
The settlement is in addition to a 2023 financial $5.54 billion settlement between Visa and Mastercard and 18 million businesses that accepted Visa or Mastercard during a 15-year period up to Jan ...
Ohio v. American Express Co., 585 U.S. ___ (2018), was a United States Supreme Court case regarding the nature of antitrust law in relationship to two-sided markets.The case specifically involves policies set by some credit card banks that prevented merchants from steering customers to use cards from other issuers with lower transaction fees, forcing merchants to pay higher transaction fees to ...
Wells Fargo incurred additional costs due to refunds and lawsuits: $6.1 million in customer refunds due to inappropriate fees and charges; [34] $142 million in customer compensation due to a class-action settlement; [34] $480 million settlement for a shareholder class-action lawsuit; [35] and
In the United States, switching to a new Capital One card on Discover’s network from Mastercard or Visa would “not be very noticeable” because most U.S. businesses accept payments via all ...
Charge-off. A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off .
The deadline has been extended to February 29, 2024. Fortnite players in the US who believe they were charged for unwanted purchases during gameplay can request a refund via the Federal Trade ...