Interchange Fee

24 Jun 24 @ 14:02

Senator Ted Budd (R-NC) has introduced the Secure Payments Act, which would require the Federal Reserve to pause its Regulation II Debit Card Interchange Fee proposal until it completes a... read more

12 Jun 24 @ 16:32

Interchange fee litigation in the UK is nothing new: the Courts have seen cases brought by individual merchants, and a collective consumer action, against Mastercard and Visa. What is new is that – subject to revised... read more

21 May 24 @ 13:11

The Payment Systems Regulator (PSR) has released its provisional findings into its “Market review of card scheme and processing fees” interim report, finding that the cards schemes do not face effective... read more

11 Apr 24 @ 15:55

Just weeks after reaching a landmark $30 billion settlement on interchange fees designed to provide relief to retail businesses, Mastercard appears to be planning to increase certain credit card fees... read more

26 Mar 24 @ 15:51

Visa and Mastercard have agreed to cut their US interchange fees in what the two companies hope will be a landmark settlement that merchants say will save them $30 billion... read more

11 Dec 23 @ 16:34

Back in May of this year, the Canadian government announced details of an agreement with Visa and Mastercard that would see them lower interchange fees they charge retailers. Now it... read more

30 Oct 23 @ 18:01

The U.S. Federal Reserve is proposing to cut debit card fees that banks charge merchants for processing debit-card transactions by up to 30%, setting up a face off between the... read more

07 Sep 23 @ 09:30

A week ago Payments Cards & Mobile reported on press reports that Visa and Mastercard were planning to raise network and interchange fees merchants pay when accepting credit cards. Now,... read more

18 Jul 23 @ 11:07

Block has hit Visa and Mastercard with a new interchange fees antitrust lawsuit that alleges the payment companies conspired to overcharge the Square payment platform, causing higher retail prices paid by... read more

17 Jul 23 @ 10:47

Back in September 2022, 1,668 retailers and more than 200 trade organisations urged the US Congress to pass the The Credit Card Competition Act, which gives merchants a choice in... read more

13 Jun 23 @ 12:46

Domestic networks continue to drive financial inclusion worldwide but face an ongoing challenge to stay up-to-date on card functionality and flexibility with 2% of all card expenditure done through local... read more

28 Apr 23 @ 16:23

Mastercard has announced that the US Justice Department (DOJ) is conducting an antitrust investigation of its US debit program and competition with other payment networks. The company says it had... read more