Visa and Mastercard (MA) Granted Preliminary Approval for Swipe Fee Settlement
Key takeaways
- Visa and Mastercard (MA) Granted Preliminary Approval for Swipe Fee Settlement Jeff Lewis Sun, June 14, 2026 at 12:14 AM GMT+7 2 min read MA V Mastercard Incorporated (NYSE:MA) is one of the
- The settlement covers merchants that accused the card networks of charging too much to process credit card payments.
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Visa and Mastercard (MA) Granted Preliminary Approval for Swipe Fee Settlement Jeff Lewis Sun, June 14, 2026 at 12:14 AM GMT+7 2 min read MA V Mastercard Incorporated (NYSE:MA) is one of the
On June 9, 2026, U.S. District Court Judge Brian Cogan of the Eastern District of New York granted preliminary approval to a revised $38B settlement involving Visa (V), Mastercard Incorporated (NYSE:MA), and retailers in long-running litigation over swipe fees. The settlement covers merchants that accused the card networks of charging too much to process credit card payments. In his ruling, Cogan noted that the court had received nearly 40 objection letters, but said it was too early to determine whether the concerns were widespread among the 12-million-merchant class or limited to a vocal minority.
On June 10, 2026, Mastercard Incorporated (NYSE:MA) introduced Agent Pay for Machines, a new service designed to allow transactions to be permissioned, orchestrated, and settled at machine speed across its global payments network. Jorn Lambert, Mastercard’s chief product officer, said Agent Pay for Machines could create the conditions for a “superbloom of AI business models,” with machine payments enabling very high-volume, low-value, fast, and low-latency transactions among agents.