Interchange Fee

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UK Supreme Court rules against Visa and Mastercard in interchange fees battle

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

EuroCommerce petitions for more interchange fee regulation as card fees continue to rise

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

Mastercard defends £14 billion interchange fee action in supreme court

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

Upcoming revision of the Interchange Fee Regulation (IFR)

20 Apr 20 @ 12:09

Payments Europe welcomes that the European Commission has started assessing the impact and consequences of the Interchange Fee Regulation (IFR) and has written a paper to support this. The European... read more

Coronavirus delays Visa interchange fee restructure

30 Mar 20 @ 12:02

In early February we reported that Visa was planning a complete overhaul of its interchange fee structure that merchants pay to accept its cards, hoping to persuade more people to... read more

Open Banking trends in Europe 2020 – PSD2’s impact on payment services

30 Mar 20 @ 10:25

The adoption of the revised Payment Services Directive, PSD2, in January 2018 first set the stage for Open Banking in Europe. Since that time, Europe has had a unique legal... read more

Digital payments – The next revolution in payments gathers pace…

03 Mar 20 @ 12:24

A love affair between consumers and their mobile phones is leading to explosive growth in new digital payments across Europe. More and more consumers are shopping across borders online and... read more

Digital payments – The next revolution in payments gathers pace …

14 Feb 20 @ 16:14

The love affair between consumers and their mobile phones is leading to explosive growth in new digital payments across Europe. More and more consumers are shopping across borders online and... read more

Visa planning big changes to its interchange fee structure

05 Feb 20 @ 17:00

Visa is reported to be planning a complete overhaul of its interchange fee structure that merchants pay to accept its cards, hoping to persuade more people to abandon checks and... read more

Kroger lifts ban on Visa cards due to interchange fee

31 Oct 19 @ 09:56

Kroger, the US’s largest grocer, says it will reverse three month interchange fee ban on Visa credit cards. “As of today, Kroger now accepts Visa credit cards at all our... read more

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Wero expands merchant payments in France with Orange

06 Sep 26 @ 19:31

Wero is moving further beyond its origins as a peer-to-peer payment service, with Orange becoming the first merchant in France to offer subscription bill paymen... more

RBC and BMO sell Moneris to Francisco Partners for C$2bn

13 Aug 26 @ 15:19

Royal Bank of Canada and Bank of Montreal have agreed to sell their jointly owned payments processor Moneris to private equity group Francisco Partners in a C$2... more

ECB and Brazil explore cross-border link between TIPS and Pix

06 Sep 26 @ 19:32

The European Central Bank and Banco Central do Brasil are examining whether Europe’s TIPS instant-payment infrastructure could be connected with Brazil’s hu... more