13 Oct 25 @ 12:39

Visa is set to remain embroiled in years of interchange fees litigation after a US federal judge ruled that a 2019 multibillion-dollar settlement does not shield the payments giant from... read more

14 May 25 @ 10:41

The debate around “debanking” — the practice of financial institutions denying or withdrawing banking services from certain individuals — has surged to the forefront of policy discussions in the US,... read more

14 May 25 @ 10:38

The UK’s Payment Systems Regulator (PSR) has published a long-anticipated consultation paper proposing a suite of remedies aimed at improving transparency and accountability in the card fees –  scheme and... read more

31 May 24 @ 13:34

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 beginning... read more

02 May 24 @ 09:38

In early March The Consumer Financial Protection Bureau (CFPB) finalized a rule to cut excessive credit card late fees by closing a loophole exploited by large card issuers in the... read more

16 Feb 23 @ 13:22

The British Retail Consortium (BRC) has published its latest annual Payments Survey which measures the sales volumes and values of different payment channels across the UK. In 2021, cash usage... read more

25 Aug 22 @ 10:54

The UK’s Payment Systems Regulator (PSR) has set out its plans showing how it proposes to carry out two market reviews focusing on card fees. One looks at scheme and... read more

01 Apr 21 @ 12:53

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

18 Feb 21 @ 10:18

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

18 Feb 21 @ 10:16

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

08 Apr 19 @ 14:29

Visa and MasterCard are reported to be planning to increase interchange fees as well as fees that card networks charge financial institutions for processing card payments for merchants. Though merchants... read more

06 Feb 19 @ 05:57

Visa and Mastercard have offered to cut merchant interchange fees for non-EU credit and debit cards by at least 40 percent to end an EU antitrust investigation, part of a... read more

09 Aug 18 @ 14:39

Visa and Mastercard are reported to be close to settling a 13-year-old legal challenge over interchange fees, according to people familiar with the agreement. The two companies and banks including JPMorgan Chase, Citigroup... read more

09 Apr 18 @ 13:39

The UK ATM network operator, LINK, is planning a phased 20 percent reduction in interchange fees over the next four years. This will start with a five percent cut to... read more

09 Apr 18 @ 12:58

A group of Canadian retailers are pushing for lower credit card fees from major payment networks amid a long-standing battle over what they claim are inflated rates. The two largest... read more

03 Aug 16 @ 07:24

MASTERCARD IS FACING a multi-billion pound damages claim for imposing interchange fees that were ultimately borne by UK consumers. The claim, which could reach £19 billion, would be the biggest... read more

30 Mar 15 @ 16:41

Samsung, which is gearing up to launch its own mobile payment service, Samsung Pay, in Korea and the US this summer, has decided not to collect fees on Samsung Pay... read more

30 Mar 15 @ 15:34

Following the release of the final compromise text for the proposed regulation on interchange fees for card-based payment transactions (the MIF Regulation) on 19 January 2015, European countries finally endorsed... read more

02 Oct 14 @ 15:10

MasterCard has lost a court challenge to a European Union (EU) antitrust lawsuit on cross-border interchange fees. The EU’s Court of Justice ruled that the fees set by MasterCard had... read more

02 Oct 14 @ 15:02

Joe Oliver, the Canadian Finance Minister, is said to be pressing credit card companies and banks to accept lower credit card fees paid by retailers, which the government claims are... read more