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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
21 Jun 22 @ 16:57
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
09 Mar 22 @ 12:21
The Merchants Payments Coalition (MPC) has called on Congress to investigate Visa and Mastercard’s anticompetitive interchange fees and dominance over the US credit and debit card markets, citing President Biden’s... read more
21 Feb 22 @ 08:00
Amazon.com reached an agreement with Visa to end the ban on accepting its cards across its network, ending the interchange fees standoff between the two that threatened to disrupt e-commerce... read more
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
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
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
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
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
22 Mar 21 @ 13:32
Visa is reported to be following Mastercard’s earlier decision and plans to increase interchange fees on purchases made by British customers from most of Europe. The company is preparing to... 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
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
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
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
29 Apr 19 @ 11:41
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
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 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
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
10 Sep 26 @ 15:44
US Bank has completed a live cross-border transaction using its own dollar-backed stablecoin, becoming one of the latest major lenders to test whether blockchai... more
