Interchange Fee

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PSR proposed remedies for card fees falls short say critics

03 Apr 25 @ 14:43

The UK’s Payment Systems Regulator (PSR) has published a long-anticipated consultation paper proposing a suite of remedies aimed at improving transparency and accountability in the card fees –  scheme and... read more

Interchange fees reform could risk worsening debanking

27 Mar 25 @ 13:47

The debate around “debanking” — the practice of financial institutions denying or withdrawing banking services from certain individuals — has surged to the forefront of policy discussions in the US,... read more

Revolut and Visa mount challenge against UK interchange fees cap

10 Mar 25 @ 12:07

Revolut and Visa have initiated judicial proceedings against the UK’s Payment Systems Regulator (PSR), asserting that the regulator has exceeded its statutory mandate with a proposed cap on interchange fees... read more

ECA concerns over price interventions in the card market

10 Jan 25 @ 14:02

The European Union (EU) has long championed digital payments as a safer, faster and more cost-effective alternative for consumers and businesses. While the value of retail digital payments in the... read more

The Czech payments landscape – A detailed analysis

04 Oct 24 @ 11:49

As Czechia strides towards 2025, its payments landscape is marked by significant shifts and advancements. The convergence of traditional banking systems with innovative digital solutions is driving a new era... read more

Mastercard and Visa face £4 billion lawsuit over multilateral interchange fees

04 Sep 24 @ 09:56

Mastercard and Visa are facing collective lawsuits in the UK, over historical overcharging claims on multilateral interchange fees, with claims surpassing £4 billion. The Competition Appeal Tribunal has approved the... read more

The Italian payments landscape – A detailed analysis

15 Aug 24 @ 14:45

The Italian payments market is undergoing a profound transformation driven by technological advancements and evolving consumer behaviours. As we move through 2024, the Italian market is seeing significant shifts towards... read more

European banks raise concerns over UK’s proposed cap on interchange fees

14 Aug 24 @ 15:58

European banks have expressed “serious concerns” regarding the UK Payment Systems Regulator’s (PSR) plan to cap interchange fees on cross-border digital transactions. This proposal, which impacts fees levied by Visa... read more

E-commerce and POS proliferate, cash and crypto bring up the rear

09 Aug 24 @ 13:11

Payments Cards & Mobile’s exclusive annual review of payments data from the Digital & Card Payments Yearbooks, covering the 33 European Economic Area (EEA) countries (27 member states plus UK,... read more

The UK payments landscape – A detailed analysis

05 Aug 24 @ 15:32

According to the latest Digital & Card Payment Yearbooks,  in recent years, the UK payments landscape has undergone a dramatic transformation, driven by technological advancements and changing consumer behaviours. The... read more

The French payments landscape – A detailed analysis

31 Jul 24 @ 10:42

According to the latest Digital & Card Payment Yearbooks, the French payments landscape has undergone significant changes, driven by regulatory reforms, technological advancements, and evolving consumer behaviours. With the revised... read more

US court rejects $30 billion interchange fee settlement

26 Jun 24 @ 09:30

The $30 billion preliminary interchange fee settlement between Mastercard, Visa and retailers has been formally rejected by the US courts. The ruling means both Visa and Mastercard will have to... read more

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Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more