05 Aug 19 @ 16:43

Successive waves of Point-of-Sale (POS) terminals are “sunsetting” – no longer receiving software updates – leading to significant upgrade or replacement costs for retailers. Meanwhile, non-POS methods of payment are... read more

03 Jun 19 @ 15:05

Visa and Mastercard have offered to cut interchange fees on payments made by tourists using cards issued outside the European Union to limit fines and end an EU antitrust investigation.... read more

03 Jun 19 @ 15:04

The UK Court of Appeals has overturned a formerly favourable Mastercard interchange fee ruling. The £14 billion lawsuit against Mastercard for imposing charges on UK consumers looks set to proceed... read more

08 Apr 19 @ 14:33

The European Commission (EC) is considering implementing new regulations to support and accelerate the adoption of the TARGET Instant Payments Settlement System (TIPS) in an effort to challenge the dominance... read more

08 Apr 19 @ 13:11

Successive waves of Point-of-Sale (POS) terminals are “sunsetting” – no longer receiving software updates – leading to significant upgrade or replacement costs for retailers. Meanwhile, non-POS methods of payment are... read more

06 Mar 19 @ 10:38

The European Commission (EC) has been reported to be considering implementing new regulations to support and accelerate the adoption of TARGET Instant Payments Settlement System (TIPS) in an effort to... read more

06 Feb 19 @ 05:58

The number of merchant outlets accepting card payments worldwide grew by 13 percent throughout 2017 to reach 69.2 million at the end of the year.  The two least-developed regions in... read more

08 Jan 19 @ 13:11

The number of merchant outlets accepting card payments worldwide grew by 13% throughout 2017 to reach 69.2 million at the end of the year. The two least developed regions in... read more

03 Oct 18 @ 13:32

In recent years, interchange rates have come under increasing pressure from a variety of judicial reviews by the US Federal Reserve, the European Union and individual countries such as Canada,... read more

03 Oct 18 @ 12:41

The UK’s Payments Systems Regulator (PSR) has launched an investigation into card acquiring services and whether Britain’s big banks and payments specialists such as Worldpay and Wirecard have taken advantage... read more

09 Aug 18 @ 14:57

Cash is a capital-intensive business and nowhere more so than with ATMs. With cash usage generally declining and the fixed and unit costs of providing cash access rising, banks are... read more

09 Aug 18 @ 14:39

Amex has won an eight-year antitrust lawsuit over interchange fees. The Supreme Court ruling at the end of June found that the card company’s ‘anti-steering’ rules did not violate federal... read more

01 Aug 18 @ 14:09

The UK’s Payments Systems Regulator (PSR) has launched an investigation into card acquiring services and whether Britain’s big banks and payments specialists such as Worldpay and Wirecard have taken advantage... 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 @ 13:32

Amazon is reported to be discussing a potential partnership to offer its customers bank accounts via JPMorgan Chase, in a deal that would marry America’s biggest e-commerce platform with the... 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

06 Mar 18 @ 11:47

Amazon is reported to be discussing a potential partnership to offer its customers bank accounts via JPMorgan Chase, in a deal that would marry America’s biggest e-commerce platform with the... read more

06 Mar 18 @ 11:36

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

14 Feb 18 @ 16:27

The British Airways American Express credit card is among those likely to be removed from the UK market after the European Court of Justice (ECJ) issued a ruling against the... read more

17 Jan 18 @ 10:11

European retail organisations have called on authorities to expand the scope of interchange fee controls to tackle other “stupendous” charges imposed by card schemes, as new rules banning merchants from... read more