27 Mar 14 @ 10:42

Embattled Wal-Mart Stores has filed suit against Visa this week in U.S. District Court (Fayetteville) claiming the defendant conspired with large banks to fix interchange fees charged to merchants between Jan... read more

14 Feb 14 @ 10:59

European consumers are concerned that draft EU legislation currently under discussion would make paying with cards more expensive and more complicated. According to a recent poll in 13 European countries, 2... read more

17 Sep 26 @ 16:55

Nearly 1,000 US merchants have urged a federal judge to reject the latest proposed settlement in the long-running battle over Visa and Mastercard interchange fees, arguing that the agreement offers... read more

09 Jul 26 @ 21:18

Some of the largest banks in the United States are reportedly exploring the acquisition of a debit payments network in a move that could fundamentally reshape the economics of card... read more

11 Jun 26 @ 16:00

A landmark legal battle that has shaped the economics of card payments in the United States for more than twenty years has taken another significant step towards resolution after a... read more

22 Apr 26 @ 19:35

The battle over interchange fees in the United States has moved well beyond a state level policy dispute. By intervening both in court and through the regulatory process, the Office... read more

18 Nov 25 @ 16:16

A fresh settlement between Visa, Mastercard and US merchants promises to trim interchange fees—yet the concessions may do little to shift the balance of power in America’s card-payments ecosystem. After... read more

15 May 25 @ 10:46

A coalition of Europe’s largest retailers is calling on the European Commission to clamp down on Visa and Mastercard over what they describe as opaque, inflation-exceeding fees that hinder competition... read more

31 May 24 @ 12:45

Visa and Mastercard have agreed to pay $197.5 million in a preliminary settlement with ATM clients who accused the card processors of fixing the price of fees at ATM. The settlement,... read more

26 Mar 24 @ 15:51

Visa and Mastercard have agreed to cut their US interchange fees in what the two companies hope will be a landmark settlement that merchants say will save them $30 billion... read more

30 Oct 23 @ 18:01

The U.S. Federal Reserve is proposing to cut debit card fees that banks charge merchants for processing debit-card transactions by up to 30%, setting up a face off between the... read more

29 Nov 22 @ 17:57

The UK’s Court of Appeal has today dismissed Mastercard’s appeal against the Competition Appeals Tribunal decision in which a class action law suits was bought against the company for unfair... read more

10 Mar 22 @ 12:04

As per previous Payments Cards & Mobile reports, former financial services ombudsman Walter Merricks is bringing, a now £14 billion interchange fees claim, on behalf of around 46 million people... read more

16 Dec 21 @ 16:15

As reported in Payments Cards & Mobile, Amazon announced in November that it would stop taking payments from Visa credit cards issued in the UK, because of sky-high fees. Interchange... read more

17 Nov 21 @ 11:36

Amazon has announced it will stop taking payments from Visa issued credit cards in the UK, citing the high cost of interchange fees imposed by the card company as a row between... read more

24 May 21 @ 14:05

In 2020, a study by CMSPI and Zephyre found that, on average, European merchants were paying more to accept each card payments than they had prior to regulation.1 This significant finding was... 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

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

16 Apr 19 @ 16:15

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

22 Jan 19 @ 11:00

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