Topics: Payment Systems

How To Pursue Your Claim Against VISA and MasterCard for Antitrust Violations

NATSO served as one of several plaintiffs in a class-action lawsuit against VISA and MasterCard (In re Payment Card Interchange Fee & Merchant Discount Antitrust Litigation). This lawsuit was brought on behalf of merchants who accepted those companies' payment cards in the United States since January 1, 2004. Over NATSO's objection, the district court approved a settlement of that class action for a cash payment and an injunction requiring VISA and MasterCard to change some of their rules for accepting their payment cards. More

EMV Switch Difficult, Expensive Retailers Tell Congress

The House Small Business Committee recently held its second hearing examining the so-called "EMV Deadline" and what it means for small businesses. At this hearing, the Committee heard from small business retailers who shared stories of an expensive, confusing transition to EMV. More

Upcoming “EMV Shift” – What Truckstop & Travel Plaza Operators Should Know Members Only Join or Login

Recent data breaches have brought the issue of data security to the top of many merchants’ radar screens. In particular, NATSO has received a number of questions from truckstop owners and operators regarding the October 1, 2015 “EMV Shift” – this refers to Visa and MasterCard’s plans to begin aligning credit and debit cards in the United States with those companies’ proprietary chip technology. This article answers to some of the key questions regarding this important topic. More

Judge Throws Out Amex Settlement With Merchants

A federal judge rejected a settlement between American Express and merchants over credit card fees after discovering that the merchants' lawyer inappropriately communicated privileged details of the case with an attorney for MasterCard. The decision, which could have ripple effects for another settlement agreement between many of the same merchants and MasterCard and Visa, means that the merchants and Amex will have to renegotiate the deal or possibly go to trial. More

AmEx Seeks Emergency Stay of Anti-Trust Order

American Express on May 26 filed an emergency request with the U.S. Court of Appeals for the Second Circuit to pause an injunction that bars the company from prohibiting merchants from steering customers toward a particular card or payment method. More

California Surcharge Ban Ruled Unconstitutional

A federal judge ruled March 26 that a California law banning retailers from charging customers a surcharge on credit card purchases is unconstitutional because it is too vague and violates the First Amendment right of free speech, has reported. More

Supreme Court Denies Swipe Fee Appeal

The U.S. Supreme Court on Jan. 20 declined to hear a challenge to the Federal Reserve’s rule over transaction fees that retailers are forced to charge customers when they swipe a debit card. More

Sen. Durbin Asks Supreme Court to Review Debit Fee Case

Senator Dick Durbin (D-Ill.) has weighed in with the U.S. Supreme Court, arguing that the Federal Reserve's rule on the debit "swipe fee" failed to follow the law, according to published reports. More

Retailers Petition Supreme Court to Hear Swipe Fee Ruling

The legal challenge over the transaction fees that retailers are forced to charge customers when they swipe a debit card moved one step closer to the Supreme Court Aug. 18, when retail and merchant groups petitioned the nation’s highest court to hear the case. More

Retailers Set to Ask Supreme Court to Hear Swipe Fee Case

The legal challenge over transaction fees that retailers are forced to charge customers when they swipe a debit card could head to the Supreme Court, after the National Retail Federation said it plans to petition the nation’s highest court to hear the case. More

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