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Payment Card Interchange Fee and Merchant Discount Antitrust Litigation
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Payment Card Interchange Fee and Merchant Discount Antitrust Litigation : ウィキペディア英語版
Payment Card Interchange Fee and Merchant Discount Antitrust Litigation
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 due to price fixing and other allegedly anti-competitive trade practices in the credit card industry. A proposed settlement received preliminary approval from the judge overseeing the case in November 2012 but the majority of named class plaintiffs have objected and many have vowed to opt out of the settlement.〔〔
In December 2013, U.S. District Court Judge John Gleeson approved a settlement in the case that amounted to $7.25 billion.
==Claims==
Plaintiffs allege that Visa, MasterCard, and major credit card issuers engaged in a conspiracy to fix interchange fees, also known as swipe fees, that are charged to merchants for the privilege of accepting payment cards, at artificially high levels. In their complaint, the plaintiffs also alleged that the defendants unfairly interfere with merchants from encouraging customers to use less expensive forms of payment such as lower-cost cards, cash and checks.

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