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

14 Aug 24 @ 08:40

The $30 billion preliminary interchange fee settlement between Mastercard, Visa and retailers has been formally rejected by the US courts. The ruling means both Visa and Mastercard will have to... read more

14 Aug 24 @ 08:38

Senator Ted Budd (R-NC) has introduced the Secure Payments Act, which would require the Federal Reserve to pause its Regulation II Debit Card Interchange Fee proposal until it completes a... 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

21 Apr 22 @ 09:29

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

01 Apr 21 @ 13:19

On 25th January, Mastercard announced an increase in the interchange rate for cross-border e-commerce transactions on credit cards between the UK and EU, from 0.3 percent to 1.5 percent. The... 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

06 Apr 20 @ 12:23

Visa is planning a complete overhaul of the interchange fees that merchants pay to accept its cards, hoping more people will abandon cheques, and adjusting its fees for new businesses... 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

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 @ 12:30

Kroger has made good on its threat to stop accepting Visa credit cards, the culmination of a dispute over the interchange fee retailers pay to card networks for each transaction... 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

03 Aug 17 @ 06:24

It is now almost 18 months since the introduction of the Interchange Fee Regulation (IFR). This covered a good deal more than the interchange fee caps and included substantial changes... read more

05 Apr 17 @ 11:38

The merchant acquiring market in Europe is operating on solid grounds of continuous transaction growth, however the cost pressures in the industry increases are very high, primarily due to new... read more

01 Feb 16 @ 16:02

09 December 2015 marked a significant date for interchange rates across Europe as all EU countries had to align their domestic rates, in accordance with the Interchange Fee Regulation (IFR).... read more

31 May 15 @ 07:55

Two UK card issuers are cutting the reward schemes offered on credit products in response to the card interchange fee cap announced by the European Parliament. In a move that... read more