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Mastercard, Visa settle with merchants over UK card-fee lawsuits

( December 21, 2023, 08:10 GMT | Official Statement) -- MLex Summary: Mastercard and Visa have settled with merchants who filed lawsuits over card fees, a statement from a litigation funder said. Previously, the Competition Appeal Tribunal said the claims were paused to agree terms. “Umbrella” lawsuits from scores of businesses including retailers, hospitality groups and hotel operators have been lumped together, with the common goal of seeking compensation for alleged financial losses over anticompetitive card fees.The statement follows:...

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