Interchange Fee

21 Feb 22 @ 08:00

Amazon.com reached an agreement with Visa to end the ban on accepting its cards across its network, ending the interchange fees standoff between the two that threatened to disrupt e-commerce... read more

04 Feb 22 @ 16:12

The 2021-2022 Digital and Card Payment Yearbooks from Payments Cards & Mobile suggest payment card use may be starting to decline, to be replaced by digital wallets, direct-to-account payments and... read more

31 Jan 22 @ 13:13

Just days after announcing monster revenue updates, the thorny issue of interchange fees paid by merchants to the networks and issuing banks is back in the spotlight. In a letter... read more

27 Jan 22 @ 17:27

The UK’s Payment Systems Regulator (PSR) has published its final report into its card acquiring market review. The document sets out the regulator’s conclusion that the supply of card acquiring... read more

16 Dec 21 @ 16:15

As reported in Payments Cards & Mobile, Amazon announced in November that it would stop taking payments from Visa credit cards issued in the UK, because of sky-high fees. Interchange... read more

24 Nov 21 @ 16:47

As of January 2021, the United Kingdom broke away from its long standing relationship with its closet neighbour and is therefore no longer part of the EEA. As a result,... read more

17 Nov 21 @ 11:36

Amazon has announced it will stop taking payments from Visa issued credit cards in the UK, citing the high cost of interchange fees imposed by the card company as a row between... read more

24 Sep 21 @ 09:54

The Payments Survey is an annual publication of the BRC (British Retail Consortium) measuring the sales volumes and values of different payment channels employed by retailers across the UK. Conducted... read more

31 Aug 21 @ 12:48

The pace of evolution in Europe’s payment market is evident in all areas – including processors. Sweeping changes in consumer payment behaviour, merchant acceptance and democratisation of services have produced... read more

19 Aug 21 @ 13:26

A £10 billion ($14 billion) class action against Mastercard for unfair interchange fees, in which the claimants say 46 million British adults could be eligible for roughly £300 each if... read more

09 Aug 21 @ 10:55

Sainsbury’s has reached a settlement with Mastercard over over interchange fee that the UK’s highest court ruled are unlawful last year. British courts ruled last year that so-called interchange fees... read more

15 Jun 21 @ 15:30

Based in the UK, Victoria Conroy is a writer and researcher, and the Editor of PCM’s Digital and Card Payments Yearbooks. We asked Victoria for her perspective on the highlights... read more