---
schema_version: "secwatch.filing_event.v1"
accession: "0001403161-25-000093"
form_type: "8-K"
ticker: "V"
cik: "0001403161"
company_name: "VISA INC."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:19:48.128416+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Visa proposes settlement in interchange antitrust suit; 10 bps rate cut for 5 years

## Summary
- Settlement with U.S. merchants resolves claims in long-running multi-district litigation over interchange fees.
- Merchants gain new surcharging options and ability to accept only certain credit card categories.
- Combined average effective credit interchange rate reduced by 10 basis points for five years.
- Posted U.S. credit interchange rates capped for five years; standard consumer rates capped at 125 bps.
- Settlement subject to court approval; Visa and Mastercard deny wrongdoing.

## SEC filing metadata
- accession: 0001403161-25-000093
- form_type: 8-K
- ticker: V
- cik: 0001403161
- company_name: VISA INC.
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403161/000140316125000093/0001403161-25-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403161/000140316125000093/v-20251110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403161-25-000093
- JSON: https://secwatch.observer/filing/0001403161-25-000093.json
- Plain text: https://secwatch.observer/filing/0001403161-25-000093.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.