Mastercard settles merchant class action with Visa; 10 bps interchange cut, 5-year cap

Mastercard Inc

10 bps reduction in average systemwide effective interchange rate on U.S.-issued consumer & commercial credit transactions at U.S. merchants.
Interchange reduction serves as a cap for five years; applies to defined U.S.-issued credit programs under Mastercard brand.
Merchants gain acceptance flexibility to independently choose consumer vs commercial credit cards and standard vs premium within consumer credit.
Settlement subject to final approval by Eastern District Court of New York; expected late 2026 or early 2027.
Mastercard resolves all pending U.S. merchant litigations directed at interchange structure and acceptance rules; no admission of wrongdoing.

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