Visa MC Interchange

Visa MC Interchange 2018-10-29T21:17:32+00:00

Project Description

Hartley LLP attorneys are part of the executive committee in this ground-breaking antitrust case, one of the largest in U.S. history. In it, merchants challenged the very structure of the credit card industry, asserting that the setting of interchange fees by credit card associations and banks constitutes illegal price fixing. The case also challenges the credit card associations’ ability to constrain merchant choice by not allowing surcharge fees or minimum purchase amounts for credit card use. The parties reached a settlement on September 18, 2018 for up to $6.26 billion in cash for merchants across the country. The settlement is currently pending court approval.