Visa and Mastercard To Pay $199,500,000 Settlement After Allegedly Forcing Users To Cover Costs of Fraudulent Transactions

Visa and Mastercard just agreed to pay a whopping $199. 5 million to resolve a class action lawsuit that’s been moving through the courts since 2016. The lawsuit accused the payment giants of forcing businesses to absorb costs from fraudulent transactions involving counterfeit, lost and stolen cards source: https://dailyhodl.com/2025/10/23/visa-and-mastercard-to-pay-199500000-settlement-after-allegedly-forcing-users-to-cover-costs-of-fraudulent-transactions/