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

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

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

13 Oct 25 @ 13:22

The payments industry may be on the cusp of one of its most dramatic shifts in decades. Reports suggest that large retailers, notably Walmart and Amazon, are exploring the issuance... read more

05 Aug 25 @ 16:58

Europe’s vast card payments market—processing trillions of euros annually—remains dominated by two American giants: Visa and Mastercard. Together, they handled over €7 trillion in European transactions in 2023, reinforcing concerns... 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

24 Mar 25 @ 09:38

Digital payments in Hungary have just become easier, cheaper and faster with the ‘qvik’ instant payment service, which was launched by the central bank in September 2024. Consumers are now... read more

22 Oct 24 @ 14:10

Open banking in the UK and Europe was introduced in 2018, with regulations mandated by the EU’s Payment Services Directive 2 (PSD2). Six years later, has it caught on in... 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 @ 10:02

A moment of drama, such as sometimes happens in payments, came during the recent MPE conference in Berlin. A UK retailer responded to Visa’s claim that payment networks add far... read more

24 Oct 23 @ 09:52

Back in September 2022, 1,668 retailers and more than 200 trade organisations urged the US Congress to pass the The Credit Card Competition Act, which gives merchants a choice in... read more

14 Aug 23 @ 14:27

The 2023 version of The Global Payments Report by Worldpay, has revealed that Account to Account payments are now worth $525 billion globally – and are projected to grow at... read more