13 Dec 23 @ 13:14

The Payments Systems Regulator (PSR) in the UK has provisionally proposed a cap on cross-border interchange fees on retailers and other businesses charged by Mastercard and Visa on transactions made... read more

11 Dec 23 @ 16:34

Back in May of this year, the Canadian government announced details of an agreement with Visa and Mastercard that would see them lower interchange fees they charge retailers. Now it... read more

07 Sep 23 @ 09:30

A week ago Payments Cards & Mobile reported on press reports that Visa and Mastercard were planning to raise network and interchange fees merchants pay when accepting credit cards. Now,... read more

31 Aug 23 @ 16:23

Visa and Mastercard are planning to raise network and interchange fees merchants pay when accepting credit cards, the increases are set to begin in October 2023 and April 2024. Many... read more

18 Jul 23 @ 11:07

Block has hit Visa and Mastercard with a new interchange fees antitrust lawsuit that alleges the payment companies conspired to overcharge the Square payment platform, causing higher retail prices paid by... read more

17 Mar 23 @ 16:03

In a blow to the two biggest networks in payments, the $5.6 billion antitrust class-action settlement, in which more than 12 million retailers have accused Visa and Mastercard of improperly... read more

01 Dec 22 @ 16:34

The Payment Systems Regulator (PSR) have published the outcome of its latest enforcement case into Barclays bank for failing to comply with the Interchange Fee Regulation (IFR). The PSR found... 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

05 Oct 22 @ 12:23

A significant class action lawsuit has been served against Visa and Mastercard at the UK’s specialist competition tribunal on behalf of a large number of claimants seeking damages for allegedly... read more

25 Aug 22 @ 13:24

Visa and Mastercard have both cited fraud as the primary reason for their respective increase in interchange fees between the UK and the EU after Brexit. Both companies face a... 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

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

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

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 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

09 Aug 21 @ 10:55

Sainsbury’s has reached a settlement with Mastercard over over interchange fee that the UK’s highest court ruled are unlawful last year. British courts ruled last year that so-called interchange fees... read more