Interchange Fee

18 Mar 21 @ 16:47

Amid rising hype about mobile wallets, P2P FinTech challengers and QR-code payments, this year’s Digital and Card Payments Yearbooks show a card segment in robust health, with business growing strongly.... read more

24 Feb 21 @ 17:33

Intuit, a US business and financial software company that develops and sells financial, accounting, and tax preparation software is reported to be suing Mastercard and Visa for fixing interchange fees... read more

09 Feb 21 @ 16:01

Some of the many benefits that were predicted from Brexit may not realise their early promise and interchange fees may be top of that list! The Prudential Regulation Authority talked... read more

25 Jan 21 @ 11:20

Mastercard has announced that it will raise interchange fees by about five times the current limit when a UK card holder uses a debit or credit card to buy from... read more

11 Dec 20 @ 14:15

The UK Supreme Court has ruled that it will allow a $18.5 billion (£14 billion) class action to proceed against Mastercard for allegedly overcharging on interchange fees to more than... read more

12 Nov 20 @ 17:55

Combining the rapid growth of emerging markets with Europe’s stable governance, the Balkan states represent a great opportunity for traditional card businesses and banks – as well as fast-emerging digital... read more

21 Oct 20 @ 11:20

Over the last couple of days there have been numerous reports around extravagant card scheme fees paid to the major payment networks, retailers had to spend more than £1 billion... read more

25 Sep 20 @ 12:40

The European Commission has adopted a new Digital Finance Package, including Digital Finance and Retail Payments Strategies, and legislative proposals on crypto-assets and digital resilience. The package aims to boost... read more

01 Jul 20 @ 10:55

The European Commission says that the caps on the interchange fees retailers pay to process debit and credit card transactions have helped push down prices. The EC published a report... read more

17 Jun 20 @ 11:40

The UK’s Supreme Court has ruled in favour of a group of retailers including J Sainsbury in the long running battle around historic interchange fees the networks charged leading to... read more

18 May 20 @ 10:39

EuroCommerce Director-General Christian Verschueren has pressed the European Commission to act on the growing problems facing retailers and wholesalers resulting from the limited scope of the Interchange Fee Regulation (IFR).... read more

14 May 20 @ 10:54

Mastercard is facing a claim of up to £14 billion in a landmark UK collective action case over interchange fee charges that were passed on to shoppers. This week, a... read more