Interchange Fee

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

15 Jun 21 @ 15:24

Rapid growth in card issuance and usage, a fast-expanding POS network and growing economies. The Eurasian payments market holds exciting opportunities for all kinds of payments players – so why... read more

24 May 21 @ 14:05

In 2020, a study by CMSPI and Zephyre found that, on average, European merchants were paying more to accept each card payments than they had prior to regulation.1 This significant finding was... read more